American Risk Mgmt RRG Inc
Major Rating Factors:
Weak overall results on stability tests (2.1 on a scale of 0 to 10) including weak risk diversification. The largest net exposure for one risk is excessive at 10.2% of capital. Fair reserve development (4.6) as the level of reserves has at times been insufficient to cover claims. In 2024 and 2021 the two year reserve development was 17.3% and 25.0% deficient respectively. Good overall profitability index (6.8) despite operating losses during 2020. Return on equity has been good over the last five years, averaging 11.8%.
Other Rating Factors:
Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
TN
Principal Investments:
Cash (72.1%), common stock (27.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
677 King Street
Charleston, SC 29403
Charleston, SC 29403
Phone Number
(843) 853-0446
NAIC Number
15853
Website
Largest Affiliates
No affiliate information available.