Major Rating Factors:
Weak overall results on stability tests (2.0 on a scale of 0 to 10) including weak risk diversification and negative cash flow from operations for 2024. Fair reserve development (3.1) as the level of reserves has at times been insufficient to cover claims. In 2024 and 2021 the two year reserve development was 23.0% and 24.7% deficient respectively. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent profitability index (7.8) with small operating losses during 2024 and the first six months of 2025. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Stability Factors:
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 (12.8%), other (87.2%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
1201 Main Street
Columbia, SC 29201
Columbia, SC 29201
Phone Number
(802) 419-1212
NAIC Number
15744
Website
Largest Affiliates
No affiliate information available.