BUS RRG Inc
Major Rating Factors:
Poor long-term capitalization index (0.4 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range over the last two years. Weak profitability index (2.8) with operating losses during 2022 and 2023. Weak overall results on stability tests (0.0) including weak results on operational trends, weak risk diversification and lack of operational experience. The largest net exposure for one risk is excessive at 77.6% of capital.
Other Rating Factors:
Fair reserve development (3.4) as reserves have generally been sufficient to cover claims. In 2024 the one year reserve development was 25.4% deficient. 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 (93.9%), other (6.1%)
Licensed in:
SC
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
701 East Bay Street
Charleston, SC 29403
Charleston, SC 29403
Phone Number
(843) 614-3135
NAIC Number
17324
Website
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Largest Affiliates
No affiliate information available.