Major Rating Factors:
Weak profitability index (2.1 on a scale of 0 to 10) with operating losses during 2022, 2023, 2024 and the first three months of 2025. Fair reserve development (4.7) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.3) including weak results on operational trends, weak risk adjusted capital in prior years and lack of operational experience. The largest net exposure for one risk is high at 4.4% of capital.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023. Superior liquidity (9.6) with ample operational cash flow and liquid investments.
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 (100.0%)
Licensed in:
IN
Principal Investments:
Cash (49.5%), investment grade bonds (35.5%), other (15.0%)
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