Major Rating Factors:
Fair profitability index (4.1 on a scale of 0 to 10) with operating losses during 2021 and 2022. Fair overall results on stability tests (4.0) including weak results on operational trends and weak risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.3% of capital. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (8.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023. 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.2%), homeowners (0.9%)
Licensed in:
IL, IN, MO, MS, OH, PA, SC, TN, VA
Principal Investments:
Investment grade bonds (84.6%), cash (13.0%), other (2.5%)
Corporate Info
Group Affiliation
First Acceptance Corporation
Investment Rating
Company Address
3813 Green Hills Village Drive
Nashville, TN 37215
Nashville, TN 37215
Phone Number
(615) 327-4888
NAIC Number
12825
Website
Largest Affiliates