Major Rating Factors:
Poor long-term capitalization index (0.6 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.3) 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. Fair profitability index (3.6) with operating losses during 2021, 2022 and 2023.
Other Rating Factors:
Fair overall results on stability tests (3.2) including weak risk adjusted capital in prior years and negative cash flow from operations for 2025. The largest net exposure for one risk is acceptable at 2.7% of capital. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
TN
Principal Investments:
Common stock (33.0%), cash (29.3%), investment grade bonds (19.2%), non investment grade bonds (0.5%), preferred stock (0.4%), other (17.6%)
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
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