Major Rating Factors:
Poor long-term capitalization index (0.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.1). Underreserving can have an adverse impact on capital and profits. In the last five years, reserves (two year development) fluctuated between 36.7% and 204.8% deficient. Weak profitability index (2.0) with operating losses during each of the last five years.
Other Rating Factors:
Weak overall results on stability tests (2.1) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2025. The largest net exposure for one risk is conservative at 1.6% of capital. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
NC
Principal Investments:
Investment grade bonds (49.3%), common stock (22.8%), cash (16.8%), non investment grade bonds (0.8%), other (10.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1325 Park St.
Columbia, SC 29201
Columbia, SC 29201
Phone Number
(803) 400-6862
NAIC Number
16384
Website
Largest Affiliates
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