Major Rating Factors:
Weak overall results on stability tests (1.2 on a scale of 0 to 10) including weak risk diversification, weak results on operational trends and excessive premium growth. The largest net exposure for one risk is excessive at 18.7% of capital. Fair long-term capitalization index (4.2) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Good overall profitability index (6.7) despite operating losses during 2022.
Other Rating Factors:
Ample reserve history (7.4) that can protect against increases in claims costs. Excellent liquidity (8.1) 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.
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:
Other (100%)
Licensed in:
AL
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
6317 Union Academy Ada Road
Hope Hull, AL 36043
Hope Hull, AL 36043
Phone Number
(334) 956-7619
NAIC Number
17185
Website
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