Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including 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 (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (9.3) 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.
G - Fast asset or premium growth.
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) 368-9144
NAIC Number
17678
Website
Largest Affiliates
No affiliate information available.