Major Rating Factors:
A history of deficient reserves (2.0 on a scale of 0 to 10) that places pressure on both capital and profits. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 23.0% and 51.0%. Vulnerable liquidity (2.1) as a spike in claims may stretch capacity. Weak overall results on stability tests (1.8) including weak risk diversification, negative cash flow from operations for 2025 and excessive premium growth.
Other Rating Factors:
Fair long-term capitalization index (3.1) based on fair current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. Fair profitability index (3.4) with operating losses during 2024 and 2025.
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.
L - Past results on our liquidity tests.
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 (14.8%), other (85.2%)
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
There are no affiliate to display.