Major Rating Factors:
Weak overall results on stability tests (1.9 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 excessive at 6.7% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.8) with small 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). Excellent liquidity (7.0) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (100.0%)
Licensed in:
FL
Principal Investments:
Cash (1.0%), other (99.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
3505 East Frontage Rd 125
Tampa, FL 33607
Tampa, FL 33607
Phone Number
(415) 903-8091
NAIC Number
17834
Website
Largest Affiliates
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