Velocity Ins Co A RRG
Major Rating Factors:
Weak overall results on stability tests (2.0 on a scale of 0 to 10) including weak risk diversification. The largest net exposure for one risk is high at 4.0% of capital. Fair reserve development (4.8) as reserves have generally been sufficient to cover claims. Fair profitability index (3.8) with operating losses during 2021, 2022 and 2025.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
SC
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
146 Fairchild Street
Daniel Island, SC 29492
Daniel Island, SC 29492
Phone Number
(843) 614-3135
NAIC Number
15956
Largest Affiliates
There are no affiliate to display.