Major Rating Factors:
Weak overall results on stability tests (1.2 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and lack of operational experience. The largest net exposure for one risk is excessive at 12.6% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.6) with operating losses during 2023 and the first nine months of 2024.
Other Rating Factors:
Good long-term capitalization index (6.5) based on good current risk adjusted capital (severe loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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:
AL, AZ, FL, GA, IN, MS, MT, NC, OH
Principal Investments:
Cash (55.5%), investment grade bonds (44.3%), other (0.2%)
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
Largest Affiliates