Loxdon Ins Co A RRG
Major Rating Factors:
Poor long-term capitalization index (0.6 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range over the last two years. A history of deficient reserves (2.2) that places pressure on both capital and profits. In 2024 the one year reserve development was 130.6% deficient. Weak profitability index (0.5) with operating losses during 2020, 2021, 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -84.9%.
Other Rating Factors:
Weak overall results on stability tests (1.5) including weak risk diversification, weak results on operational trends and lack of operational experience. The largest net exposure for one risk is excessive at 15.0% of capital. Superior liquidity (9.3) 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.
E - Lack of operating experience.
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:
AL
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
420 North 20th Street
Birmingham, AL 35203
Birmingham, AL 35203
Phone Number
(440) 264-9992
NAIC Number
16921
Website
--
Largest Affiliates
No affiliate information available.