Major Rating Factors:
Weak profitability index (2.4 on a scale of 0 to 10) with operating losses during 2023 and 2024. Weak overall results on stability tests (2.6) including excessive premium growth, weak results on operational trends and lack of operational experience. The largest net exposure for one risk is excessive at 8.3% of capital. Good long-term capitalization index (6.2) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year.
Other Rating Factors:
Fair reserve development (4.1) as reserves have generally been sufficient to cover claims. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
E - Lack of operating experience.
G - Fast asset or premium growth.
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 (100.0%)
Licensed in:
AL, AZ, FL, GA, IN, MS, MT, NC, OH
Principal Investments:
Cash (46.8%), investment grade bonds (41.9%), other (11.3%)
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