Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including weak risk adjusted capital in prior years, weak risk diversification and excessive premium growth. The largest net exposure for one risk is excessive at 11.2% of capital. History of adequate reserve strength (5.3) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios).
Other Rating Factors:
Excellent profitability index (7.8) with small operating losses during 2021. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AL
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
806 Dumaine Road
Mobile, AL 36610
Mobile, AL 36610
Phone Number
--
NAIC Number
17152
Website
--
Largest Affiliates
No affiliate information available.