Major Rating Factors:
Poor long-term capitalization index (1.4 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak overall results on stability tests (2.6) including excessive premium growth, weak results on operational trends and lack of operational experience. The largest net exposure for one risk is acceptable at 2.3% of capital. Fair reserve development (4.8) as the level of reserves has at times been insufficient to cover claims. In 2024 and 2025 the one year reserve development was 15.1% and 30.3% deficient respectively.
Other Rating Factors:
Fair profitability index (3.3) with operating losses during 2021, 2022, 2023 and 2025. Excellent liquidity (8.5) 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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
TN
Principal Investments:
Cash (99.0%), investment grade bonds (1.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
123 Center Park Drive
Knoxville, TN 37922
Knoxville, TN 37922
Phone Number
(855) 569-7827
NAIC Number
17024
Website
Largest Affiliates
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