Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2021, 2022, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -1.6%. Weak overall results on stability tests (2.4) including weak risk diversification. Good long-term capitalization index (5.1) based on good current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
History of adequate reserve strength (5.3) as reserves have been consistently at an acceptable level. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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 (91.3%), cash (5.4%), other (3.3%)
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
Largest Affiliates
No affiliate information available.