Major Rating Factors:
Weak overall results on stability tests (2.6 on a scale of 0 to 10) including weak risk adjusted capital in prior years, weak risk diversification and negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 7.6% of capital. Fair long-term capitalization index (3.3) based on good current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023. Fair reserve development (4.2) as the level of reserves has at times been insufficient to cover claims. In 2023 and 2024 the two year reserve development was 20.3% and 39.6% deficient respectively.
Other Rating Factors:
Fair profitability index (3.4) with operating losses during 2021, 2022 and 2023. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Other (100%)
Licensed in:
DC
Principal Investments:
Investment grade bonds (39.7%), common stock (39.6%), cash (16.0%), preferred stock (1.8%), non investment grade bonds (1.1%), other (1.8%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
3740 Davinci Court
Norcross, GA 30092
Norcross, GA 30092
Phone Number
(770) 246-8535
NAIC Number
11806
Website
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Largest Affiliates
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