Major Rating Factors:
Weak profitability index (2.4 on a scale of 0 to 10) with operating losses during 2023, 2024 and the first three months of 2025. Weak overall results on stability tests (2.5) including weak results on operational trends, lack of operational experience and fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 9.2% of capital. Good long-term capitalization index (6.4) 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. Excellent liquidity (8.1) with ample operational cash flow and liquid investments.
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.
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
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