Major Rating Factors:
Poor long-term capitalization index (0.4 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.4) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 63.6% and 94.3% deficient. Weak overall results on stability tests (2.9) including weak risk adjusted capital in prior years and weak risk diversification. The largest net exposure for one risk is high at 3.3% of capital.
Other Rating Factors:
Fair profitability index (4.2) with operating losses during 2021, 2022, 2023 and the first six months of 2025. Average return on equity over the last five years has been poor at -1.2%. Excellent liquidity (7.9) 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 (100.0%)
Licensed in:
TN
Principal Investments:
Cash (45.5%), investment grade bonds (32.9%), common stock (11.8%), non investment grade bonds (0.6%), preferred stock (0.4%), other (8.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
424 Church Street
Nashville, TN 37219
Nashville, TN 37219
Phone Number
(941) 373-1114
NAIC Number
15597
Website
Largest Affiliates
No affiliate information available.