Major Rating Factors:
Good long-term capitalization index (6.7 on a scale of 0 to 10) based on good current risk adjusted capital (moderate loss scenarios), although results have slipped from the weak range during the last year. Fair profitability index (4.2) with operating losses during 2021, 2022 and 2023. Weak overall results on stability tests (2.5) including weak risk adjusted capital in prior years, weak results on operational trends and lack of operational experience. The largest net exposure for one risk is acceptable at 2.1% of capital.
Other Rating Factors:
History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level. Superior liquidity (10.0) 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.
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 (100.0%)
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
No affiliate information available.