Major Rating Factors:
Weak overall results on stability tests (2.5 on a scale of 0 to 10) including weak risk adjusted capital in prior years, weak results on operational trends and lack of operational experience. The largest net exposure for one risk is acceptable at 2.9% of capital. Good long-term capitalization index (5.5) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range over the last two years. Fair reserve development (4.4) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair profitability index (4.0) with operating losses during 2022 and 2024. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
NC
Principal Investments:
Cash (58.3%), investment grade bonds (21.0%), common stock (16.8%), other (3.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1325 Park Street
Columbia, SC 29201
Columbia, SC 29201
Phone Number
(803) 400-6862
NAIC Number
17198
Website
Largest Affiliates
No affiliate information available.