Long Iron Ins RRG Inc
Major Rating Factors:
Weak overall results on stability tests (1.6 on a scale of 0 to 10) including weak risk diversification and lack of operational experience. The largest net exposure for one risk is excessive at 13.4% of capital. Fair reserve development (4.2) as reserves have generally been sufficient to cover claims. Good overall profitability index (6.1) despite operating losses during 2021.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.3) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (98.8%), other (1.2%)
Licensed in:
SC
Principal Investments:
Cash (3.3%), other (96.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1064 Gardner Road
Charleston, SC 29407
Charleston, SC 29407
Phone Number
(843) 872-3307
NAIC Number
17034
Website
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Largest Affiliates
No affiliate information available.