C
Southern States Ins Exchange
Rating Date
October 2025
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
2.16
Risk Adjusted
Capital Ratio #2
1.45
Loss
Ratio
84.86%
Total
Assets
51.28M
Capital
18.40M
Net
Premiums
15.06M
Net
Income
946.58K
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Weiss Ratings Southern States Ins Exchange
Richmond, VA 		Click to
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Rating C
Capitalization Index 7.70
Investment Safety Index --
Liquidity Index 6.80
Profitability Index 3.60
Reserve Adequacy Index 8.10
Stability Index 4.10
Company Info Southern States Ins Exchange
Richmond, VA 		Click to
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Industry P&C
NAIC Number 15709
Phone Number (804) 281-1525
Website exchangeaginsurance.com
Address 6606 West Broad Street Richmond, VA 23230
Balance Sheet Southern States Ins Exchange
Richmond, VA 		Click to
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Total Assets 51.28M
Capital and Reserves Southern States Ins Exchange
Richmond, VA 		Click to
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Risk-Adjusted Capital Ratio #1 2.16
Risk-Adjusted Capital Ratio #2 1.45
1-Year Reserve Development 190.00%
2-Year Reserve Development -40.00%
Capital 18.40M
Premium to Surplus 100.00%
Reserves to Surplus 80.00%
Investments Southern States Ins Exchange
Richmond, VA 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Southern States Ins Exchange
Richmond, VA 		Click to
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Medical Loss Ratio --
Cash From Underwriting 110.00%
Combined Ratio 120.00%
Expense Ratio 30.00%
Loss Ratio 84.86%
Net Premium Growth 10.00%
Other Medical Southern States Ins Exchange
Richmond, VA 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability Southern States Ins Exchange
Richmond, VA 		Click to
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Net Income 946.58K
Net Premium 15.06M
Health Premium --