Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and lack of operational experience. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.5) with operating losses during 2024.
Other Rating Factors:
Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (100.0%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (37.9%), cash (31.2%), other (30.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
250 International Parkway
Lake Mary, FL 32746
Lake Mary, FL 32746
Phone Number
(877) 211-1192
NAIC Number
17678
Largest Affiliates
No affiliate information available.