Major Rating Factors:
Vulnerable liquidity (2.9 on a scale of 0 to 10) as a spike in claims may stretch capacity. Good overall profitability index (5.0) despite operating losses during 2021, 2022 and 2023. Good overall results on stability tests (6.9) despite. Other stability subfactors include potentially strong support from affiliation with Alfa Mutual Group, excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. Ample reserve history (9.2) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (83.4%), homeowners (11.7%), comm multi (1.5%), farmowners (1.3%), fire (0.1%), other (1.9%)
Licensed in:
AL, AR, GA, IN, KY, MO, MS, OH, TN, TX, VA
Principal Investments:
Investment grade bonds (47.9%), common stock (20.7%), cash (6.1%), preferred stock (1.6%), other (23.7%)
Corporate Info
Group Affiliation
Alfa Mutual Group
Investment Rating
--
Company Address
4037 Rural Plains Circle
Franklin, TN 37064
Franklin, TN 37064
Phone Number
(334) 288-3900
NAIC Number
11004
Website
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