Major Rating Factors:
Weak overall results on stability tests (1.7 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 6.2% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.7) with operating losses during 2024 and the first six months of 2025.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
F - Negative cash flow.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (99.7%), homeowners (0.3%)
Licensed in:
MS
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
6135 W Sitka St
Tampa, FL 33634
Tampa, FL 33634
Phone Number
(813) 999-2108
NAIC Number
17617
Website
Largest Affiliates
No affiliate information available.