Major Rating Factors:
Fair reserve development (4.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.8) with operating losses during 2021, 2022, 2023, 2024 and the first three months of 2025. Fair overall results on stability tests (2.9) including negative cash flow from operations for 2024 and lack of operational experience. The largest net exposure for one risk is excessive at 10.5% of capital.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) 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.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
SC
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1325 Park Street
Columbia, SC 29201
Columbia, SC 29201
Phone Number
(803) 904-8461
NAIC Number
17053
Website
Largest Affiliates
No affiliate information available.