D
Southern Guaranty Ins Co
Rating Date
January 2026
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
3,265.48
Risk Adjusted
Capital Ratio #2
2,721.33
Total
Assets
35.16M
Capital
30.05M
Health
Premiums
14.99M
Net
Income
1.14M
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Major Rating Factors: Weak profitability index (1.8 on a scale of 0 to 10) with operating losses during 2022. Average return on equity over the last five years has been poor at -5.7%. Weak overall results on stability tests (2.8). Fair quality investment portfolio (3.0).
Other Rating Factors: Excellent overall capitalization (10.0) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: AL, AR, AZ, FL, GA, IA, IL, IN, KS, KY, LA, MD, MI, MS, NC, NE, NM, NV, OH, OK, OR, PA, SC, TN, TX, UT, WA, WI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
38.28%
Medical Expense
Per Member Per Month ($)
13
Provider Compensation ($000)
Capitation Pay
--
Fee For Service
--
Contractual Pay
--
Salary
--
Bonus
--
Other
--
Member Physicians
0
Enrollment
33,125
Total Patient Encounters
Physician
0
Non-Physician
95,729
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
6021 142nd Ave North
Clearwater, FL 33760
Phone Number
(727) 483-1114
NAIC Number
19178
Website
http://www.sgicinsurance.com
Largest Affiliates
No affiliate information available.