Major Rating Factors:
Weak profitability index (2.6 on a scale of 0 to 10) with operating losses during 2021, 2022, 2024 and 2025. Weak overall results on stability tests (2.3) including weak risk diversification, weak results on operational trends and negative cash flow from operations for 2025. Fair long-term capitalization index (4.1) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year.
Other Rating Factors:
Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. In 2024 the one year reserve development was 17.5% deficient. Good liquidity (5.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
MS
Principal Investments:
Investment grade bonds (91.9%), cash (4.3%), other (3.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2104 Highway 90
Gautier, MS 39553
Gautier, MS 39553
Phone Number
(228) 497-9935
NAIC Number
10313
Website
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