Repub RRG
Major Rating Factors:
Weak overall results on stability tests (1.6 on a scale of 0 to 10) including weak risk diversification, weak results on operational trends and fair risk adjusted capital in prior years. Fair long-term capitalization index (3.8) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair profitability index (4.3) with operating losses during 2020, 2022 and 2023. Average return on equity over the last five years has been poor at -0.1%. Superior liquidity (9.1) 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:
Common stock (50.1%), cash (49.9%)
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
No affiliate information available.