Major Rating Factors:
Fair overall results on stability tests (4.6 on a scale of 0 to 10). Good quality investment portfolio (5.6) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but minimal holdings in junk bonds. Good overall profitability (5.7). Return on equity has been low, averaging 3.2%.
Other Rating Factors:
Good Liquidity (6.6). Strong capitalization (7.8) 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.