Major Rating Factors:
Weak overall results on stability tests (2.4 on a scale of 0 to 10) including weak risk diversification and fair risk adjusted capital in prior years. Fair reserve development (3.1) as the level of reserves has at times been insufficient to cover claims. In 2024 the one year reserve development was 37.8% deficient. Fair profitability index (4.5) with operating losses during 2021 and 2023. Return on equity has been low, averaging 3.0% over the past five years.
Other Rating Factors:
Fair long-term capitalization index (4.0) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Excellent liquidity (8.9) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
GA, TN
Principal Investments:
Cash (52.1%), investment grade bonds (41.7%), real estate (3.4%), other (2.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
360 14th Street, NW
Atlanta, GA 30318
Atlanta, GA 30318
Phone Number
(404) 351-2211
NAIC Number
10802
Website
Largest Affiliates
No affiliate information available.