South Shore RRG Inc
Major Rating Factors:
A history of deficient reserves (2.2 on a scale of 0 to 10) that places pressure on both capital and profits. In 2024 the one year reserve development was 34.3% deficient. Weak overall results on stability tests (1.3) including weak results on operational trends, weak risk diversification and lack of operational experience. The largest net exposure for one risk is excessive at 9.1% of capital. Fair long-term capitalization index (4.9) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year.
Other Rating Factors:
Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability index (9.7). Excellent expense controls.
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:
SC
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
146 Fairchild Street
Charleston, SC 29492
Charleston, SC 29492
Phone Number
(843) 614-3135
NAIC Number
17411
Website
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Largest Affiliates
No affiliate information available.