Major Rating Factors:
A history of deficient reserves (1.8 on a scale of 0 to 10) that places pressure on both capital and profits. In 2025 the one year reserve development was 334.9% deficient. Fair overall results on stability tests (3.0) including excessive premium growth, weak risk adjusted capital in prior years, weak results on operational trends and lack of operational experience. The largest net exposure for one risk is conservative at 1.2% of capital. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2024.
Other Rating Factors:
Excellent profitability index (9.8). Excellent expense controls. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
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 (92.2%), fire (2.4%), other (5.4%)
Licensed in:
KY, SC, TX, UT, WA
Principal Investments:
Investment grade bonds (53.8%), cash (26.0%), common stock (20.1%)
Corporate Info
Group Affiliation
Porch Group Inc
Investment Rating
Company Address
1400 Corporate Drive
Irving, TX 75038
Irving, TX 75038
Phone Number
(972) 607-4241
NAIC Number
17711
Website
Largest Affiliates