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 13.2% 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:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good long-term capitalization index (6.9) based on good current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year.
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
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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.