Major Rating Factors:
Weak overall results on stability tests (1.2 on a scale of 0 to 10) including weak risk diversification, weak results on operational trends and fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 4.0% of capital. Fair reserve development (3.5) as the level of reserves has at times been insufficient to cover claims. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 17.1% and 35.7%. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022.
Other Rating Factors:
Excellent profitability index (8.9) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 13.1%. Superior liquidity (9.4) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
GA
Principal Investments:
Cash (95.9%), other (4.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
335 Martin Luther King Jr Drive, SE
Atlanta, GA 30312
Atlanta, GA 30312
Phone Number
(404) 577-4494
NAIC Number
10894
Website
--
Largest Affiliates
No affiliate information available.