Major Rating Factors:
Weak overall results on stability tests (1.5 on a scale of 0 to 10) including excessive premium growth, weak risk diversification and weak results on operational trends. The largest net exposure for one risk is excessive at 6.9% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair long-term capitalization index (4.2) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
Excellent profitability index (8.9). Superior liquidity (9.3) 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:
Personal/comm auto (100.0%)
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
(800) 226-0793
NAIC Number
17670
Website
--
Largest Affiliates
There are no affiliate to display.