Major Rating Factors:
Weak overall results on stability tests (2.3 on a scale of 0 to 10) 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 high at 3.2% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.6) with operating losses during 2025.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). 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.
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 (61.2%), fire (35.5%), comm multi (3.3%)
Licensed in:
FL
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
6135 W Sitka Street
Tampa, FL 33634
Tampa, FL 33634
Phone Number
(516) 856-8146
NAIC Number
17742
Website
Largest Affiliates
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