Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2023, 2024 and 2025. Fair overall results on stability tests (3.9) including weak results on operational trends and lack of operational experience. History of adequate reserve strength (5.1) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors:
E - Lack of operating experience.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (53.8%), homeowners (28.7%), other (17.5%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (94.4%), cash (5.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
10401 N. Meridian St
Carmel, IN 46290
Carmel, IN 46290
Phone Number
(615) 732-6538
NAIC Number
17499
Largest Affiliates
There are no affiliate to display.