Allied Services RRG
Major Rating Factors:
Poor long-term capitalization index (1.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the fair range over the last two years. Weak profitability index (1.5) with operating losses during 2024. Weak overall results on stability tests (0.0) including weak risk diversification, weak results on operational trends and negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 167.5% of capital.
Other Rating Factors:
Fair reserve development (3.9) as the level of reserves has at times been insufficient to cover claims. In 2024 and 2025 the two year reserve development was 42.3% and 42.9% deficient respectively. Good liquidity (5.2) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (91.3%), other (8.7%)
Licensed in:
SC
Principal Investments:
Investment grade bonds (87.3%), common stock (4.8%), cash (4.8%), preferred stock (1.0%), non investment grade bonds (0.6%), other (1.5%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
1064 Gardner Road
Charleston, SC 29407
Charleston, SC 29407
Phone Number
(843) 872-3304
NAIC Number
12013
Website
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Largest Affiliates
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