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 lack of operational experience. The largest net exposure for one risk is excessive at 18.7% of capital. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level. Good overall profitability index (6.7) despite operating losses during 2022.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023. Superior liquidity (9.4) 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.
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
Largest Affiliates
No affiliate information available.