Major Rating Factors:
Weak overall results on stability tests (1.7 on a scale of 0 to 10) including weak risk diversification and fair risk adjusted capital in prior years. Fair profitability index (3.9) with operating losses during 2022, 2023 and 2024. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent liquidity (8.6) with ample operational cash flow and liquid investments.
Stability Factors:
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:
Fin guar/surety (100.0%)
Licensed in:
NC
Principal Investments:
Cash (89.4%), real estate (6.1%), investment grade bonds (0.4%), other (4.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1033 Wade Avenue
Raleigh, NC 27605
Raleigh, NC 27605
Phone Number
(833) 401-0202
NAIC Number
15267
Website
Largest Affiliates
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