Auros Recpl Ins Exchange
Major Rating Factors:
Weak overall results on stability tests (2.6 on a scale of 0 to 10) including weak results on operational trends, negative cash flow from operations for 2024 and lack of operational experience. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.5) with operating losses during 2024 and the first three months of 2025.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
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.
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:
LA, MS, TX
Principal Investments:
Investment grade bonds (93.7%), preferred stock (0.4%), non investment grade bonds (0.4%), cash (0.3%), other (5.2%)
Corporate Info
Group Affiliation
Iron Family Holdings LLC
Investment Rating
--
Company Address
6320 Venture Dr.
Lakewood Ranch, FL 34202
Lakewood Ranch, FL 34202
Phone Number
(941) 757-3991
NAIC Number
17642
Website
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