Direct General Ins Co of MS
Major Rating Factors:
Weak overall results on stability tests (0.0 on a scale of 0 to 10) including excessive premium growth. The largest net exposure for one risk is excessive at 161.1% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Good long-term capitalization index (5.9) 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:
Good profitability index (5.0) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.2% over the past five years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (99.9%), homeowners (0.1%)
Licensed in:
KY, MS
Principal Investments:
Investment grade bonds (91.1%), other (8.9%)
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
Company Address
450 W. Hanes Mill Road
Winston-Salem, NC 27105
Winston-Salem, NC 27105
Phone Number
(800) 526-0332
NAIC Number
10889
Website
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