Major Rating Factors:
A history of deficient reserves (1.6 on a scale of 0 to 10) that places pressure on both capital and profits. In 2023 and 2024 the two year reserve development was 19.9% and 91.6% deficient respectively. Fair long-term capitalization index (3.4) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Fair profitability index (3.1) with operating losses during 2022, 2023, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -11.6%.
Other Rating Factors:
Good overall results on stability tests (5.1) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.8% of capital. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (54.3%), comm multi (22.4%), homeowners (13.3%), farmowners (4.5%), fire (0.5%), other (5.0%)
Licensed in:
GA, NC, SC, TN
Principal Investments:
Investment grade bonds (79.2%), cash (20.0%), other (0.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
5444 Riverside Drive
Macon, GA 31210
Macon, GA 31210
Phone Number
(478) 474-0555
NAIC Number
12610
Website
Largest Affiliates
No affiliate information available.