P&S Ins RRG Inc
Major Rating Factors:
Poor long-term capitalization index (1.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range over the last two years. Weak profitability index (2.5) with operating losses during 2024 and 2025. Vulnerable liquidity (1.0) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years, weak risk diversification and negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 115.8% of capital. Fair reserve development (3.3) as the level of reserves has at times been insufficient to cover claims. The one year reserve development was deficient in three of the last five years by between 18.4% and 57.2%.
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:
Personal/comm auto (100.0%)
Licensed in:
SC
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
146 Fairchild Street
Charleston, SC 29492
Charleston, SC 29492
Phone Number
(843) 614-3135
NAIC Number
15583
Website
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Largest Affiliates
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