Major Rating Factors:
Poor long-term capitalization index (2.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the fair range during the last year. Weak profitability index (2.3) with operating losses during 2023, 2024 and 2025. Vulnerable liquidity (0.6) as a spike in claims may stretch capacity.
Other Rating Factors:
Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.3) including excessive premium growth, weak results on operational trends, negative cash flow from operations for 2025, lack of operational experience and fair risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.7% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (100.0%)
Licensed in:
AL, AZ, FL, GA, IN, MS, MT, NC, OH
Principal Investments:
Investment grade bonds (76.2%), cash (22.6%), other (1.2%)
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
17438
Website
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