Major Rating Factors:
Fair profitability index (3.5 on a scale of 0 to 10) with operating losses during 2021, 2023 and 2024. Vulnerable liquidity (2.4) as a spike in claims may stretch capacity. Good overall results on stability tests (5.9) despite. Stability strengths include good operational trends and good risk diversification.
Other Rating Factors:
Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.1) 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:
Fire (31.2%), homeowners (31.2%), other (37.6%)
Licensed in:
AL, AR, CA, FL, GA, KY, MS, OK, SC, TN, WV
Principal Investments:
Investment grade bonds (46.2%), non investment grade bonds (11.5%), common stock (9.8%), other (32.5%)
Corporate Info
Group Affiliation
VR Ins SPV LLC
Investment Rating
--
Company Address
661 East Davis Street
Elba, AL 36323
Elba, AL 36323
Phone Number
(334) 897-2273
NAIC Number
12114
Largest Affiliates