B
Vault E&S Ins Co
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
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Major Rating Factors: Good overall results on stability tests (6.8 on a scale of 0 to 10) despite lack of operational experience. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.5% of capital. Strong long-term capitalization index (7.0) based on good current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Other Rating Factors: Excellent liquidity (7.7) with ample operational cash flow and liquid investments. Fair profitability index (4.7) with operating losses during 2020, 2021, 2022 and the first three months of 2025. Average return on equity over the last five years has been poor at -3.3%.
Stability Factors: 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 (75.6%), personal/comm auto (6.8%), other (17.6%)
Licensed in: (No states)
Principal Investments: Investment grade bonds (63.1%), cash (20.5%), non investment grade bonds (3.9%), other (12.6%)
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Investments in Affiliates
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Corporate Info
Group Affiliation
Cornell Capital GP II GP LLC
Investment Rating
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Company Address
300 First Avenue, South
Saint Petersburg, FL 33701
Phone Number
(844) 368-2858
NAIC Number
16237
Largest Affiliates
C
Saint Petersburg, FL - P&C