Repub RRG
Major Rating Factors:
Weak overall results on stability tests (0.0 on a scale of 0 to 10) including weak risk diversification and fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 439.1% of capital. Fair reserve development (4.1) as reserves have generally been sufficient to cover claims. Good overall profitability index (6.4) despite operating losses during 2022 and 2023.
Other Rating Factors:
Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2024. Superior liquidity (9.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
SC
Principal Investments:
Cash (69.6%), common stock (30.4%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
115 Central Island Street
Charleston, SC 29492
Charleston, SC 29492
Phone Number
(843) 573-4676
NAIC Number
12019
Website
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Largest Affiliates
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