Major Rating Factors:
Weak overall results on stability tests (2.5 on a scale of 0 to 10). Fair profitability (4.4) with operating losses during 2024. Return on equity has been low, averaging 2.2%. Good quality investment portfolio (5.4) despite mixed results such as: no exposure to mortgages and substantial holdings of BBB bonds but minimal holdings in junk bonds.
Other Rating Factors:
Good Liquidity (6.5). Strong capitalization (7.6) 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:
Ind health (75.9%), other (24.1%)
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.