Southern States Ins Exchange

Richmond, VA

Rating Date

June 2026

NAIC
Classification

Property & Casualty

Risk Adjusted
Capital Ratio #1

2.05

Risk Adjusted
Capital Ratio #2

1.41

Loss
Ratio

62.05%

Total
Assets

42.90M

Capital

18.07M

Net
Premiums

16.94M

Net
Income

951.21K

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Weiss Ratings	Southern States Ins Exchange Richmond, VA	Click to Compare	Click to Compare	Click to Compare
Rating	B
Capitalization Index	7.60
Investment Safety Index	--
Liquidity Index	6.70
Profitability Index	3.80
Reserve Adequacy Index	7.00
Stability Index	4.10

Company Info	Southern States Ins Exchange Richmond, VA	Click to Compare	Click to Compare	Click to Compare
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 Compare	Click to Compare	Click to Compare
Total Assets	42.90M

Capital and Reserves	Southern States Ins Exchange Richmond, VA	Click to Compare	Click to Compare	Click to Compare
Risk-Adjusted Capital Ratio #1	2.05
Risk-Adjusted Capital Ratio #2	1.41
1-Year Reserve Development	-6.63%
2-Year Reserve Development	2.11%
Capital	18.07M
Premium to Surplus	93.72%
Reserves to Surplus	73.06%

Investments	Southern States Ins Exchange Richmond, VA	Click to Compare	Click to Compare	Click to Compare
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 Compare	Click to Compare	Click to Compare
Medical Loss Ratio	--
Cash From Underwriting	105.57%
Combined Ratio	96.61%
Expense Ratio	34.56%
Loss Ratio	62.05%
Net Premium Growth	5.38%

Other Medical	Southern States Ins Exchange Richmond, VA	Click to Compare	Click to Compare	Click to Compare
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 Compare	Click to Compare	Click to Compare
Net Income	951.21K
Net Premium	16.94M
Health Premium	--