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 (0.2) that places pressure on both capital and profits. In four of the last five years reserves (two year development) were 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 (2.0) including excessive premium growth, weak results on operational trends and weak risk diversification. The largest net exposure for one risk is high at 4.3% of capital. Superior liquidity (9.0) 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.
G - Fast asset or premium growth.
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 (42.8%), cash (30.3%), common stock (17.4%), other (9.6%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
--
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
No affiliate information available.