Major Rating Factors:
Weak profitability index (2.7 on a scale of 0 to 10) with operating losses during 2024 and 2025. Weak overall results on stability tests (2.2) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 11.7% of capital. Good long-term capitalization index (6.7) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year.
Other Rating Factors:
Fair reserve development (4.1) as reserves have generally been sufficient to cover claims. Excellent liquidity (7.2) 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:
Homeowners (53.4%), comm multi (46.6%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (58.0%), cash (41.9%)
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
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