Major Rating Factors:
Poor long-term capitalization index (0.2 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak overall results on stability tests (2.3) including weak results on operational trends, negative cash flow from operations for 2024 and weak risk diversification. Fair reserve development (3.2) as the level of reserves has at times been insufficient to cover claims. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 18.5% and 67.4%.
Other Rating Factors:
Fair profitability index (3.3) with operating losses during 2020, 2021, 2022, 2023 and the first three months of 2025. Average return on equity over the last five years has been poor at -38.5%. Superior liquidity (9.4) 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.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
MT
Principal Investments:
Investment grade bonds (49.5%), cash (38.6%), common stock (8.6%), non investment grade bonds (0.2%), other (3.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1325 Park Street
Columbia, SC 29201
Columbia, SC 29201
Phone Number
(803) 400-6862
NAIC Number
12497
Website
Largest Affiliates
No affiliate information available.