Major Rating Factors:
Weak overall results on stability tests (1.1 on a scale of 0 to 10) including weak risk diversification, weak results on operational trends and excessive premium growth. The largest net exposure for one risk is high at 4.2% of capital. Good overall profitability index (5.6) despite operating losses during 2020, 2021 and 2022. Strong long-term capitalization index (9.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
AL
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
6317 Union Academy Ada Road
Hope Hull, AL 36043
Hope Hull, AL 36043
Phone Number
(941) 373-1140
NAIC Number
16887
Website
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Largest Affiliates
No affiliate information available.