Major Rating Factors:
Weak profitability (2.0 on a scale of 0 to 10) with operating losses during the first nine months of 2024. Weak overall results on stability tests (2.5). Good quality investment portfolio (5.5) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but no exposure to junk bonds.
Other Rating Factors:
Good Liquidity (6.4). Strong capitalization (8.5) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
AL, AR, FL, GA, KY, LA, MS, NC, OK, SC, TN
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
302 Broad Street
Gadsden, AL 35901
Gadsden, AL 35901
Phone Number
(256) 543-2022
NAIC Number
65412
Website
Largest Affiliates
No affiliate information available.