Major Rating Factors:
Fair profitability index (3.5 on a scale of 0 to 10) with operating losses during 2022, 2023 and 2024. Fair overall results on stability tests (3.6) including weak results on operational trends, weak risk adjusted capital in prior years, negative cash flow from operations for 2025 and lack of operational experience. The largest net exposure for one risk is acceptable at 2.3% of capital. History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
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 (99.3%), other (0.7%)
Licensed in:
IN
Principal Investments:
Investment grade bonds (75.9%), cash (22.7%), other (1.4%)
Corporate Info
Group Affiliation
Orion180 Group Inc
Investment Rating
--
Company Address
930 South Harbor City Boulevard
Melbourne, FL 32901
Melbourne, FL 32901
Phone Number
(866) 590-3550
NAIC Number
17320
Website
Largest Affiliates