Major Rating Factors:
Weak profitability index (1.2 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Fair liquidity (3.6) as cash resources may not be adequate to cover a spike in claims. Fair overall results on stability tests (4.0) including weak risk adjusted capital in prior years and negative cash flow from operations for 2025.
Other Rating Factors:
Strong long-term capitalization index (9.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (92.2%), fire (2.4%), other (5.4%)
Licensed in:
All states except CA, CT, FL, HI, ID, KS, MD, ME, NH, NJ, NY, VT, WI, WV
Principal Investments:
Investment grade bonds (22.9%), cash (18.4%), other (58.7%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Porch Group Inc
Investment Rating
Company Address
1400 Corporate Drive
Irving, TX 75038
Irving, TX 75038
Phone Number
(949) 922-9900
NAIC Number
12536
Website
Largest Affiliates