Major Rating Factors:
Weak overall results on stability tests (2.4 on a scale of 0 to 10) including weak risk diversification. Fair profitability index (4.6) with operating losses during 2021 and 2022. Return on equity has been low, averaging 0.9% over the past five years. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
(No states)
Principal Investments:
Cash (96.7%), investment grade bonds (3.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
3800 Highway 57
Rossville, TN 38066
Rossville, TN 38066
Phone Number
(901) 328-2000
NAIC Number
10223
Website
Largest Affiliates
No affiliate information available.