Major Rating Factors:
Strong long-term capitalization index (8.2 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (8.0). Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.7) with operating losses during 2021 and 2023.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (57.7%), homeowners (18.1%), farmowners (4.1%), fire (1.5%), comm multi (1.2%), other (17.5%)
Licensed in:
AR, CO, FL, LA, MS, SC
Principal Investments:
Investment grade bonds (62.0%), common stock (30.3%), cash (3.7%), real estate (0.4%), other (3.6%)
Corporate Info
Group Affiliation
Southern Casualty Holding Co
Investment Rating
--
Company Address
1800 E. County Line Road
Ridgeland, MS 39157
Ridgeland, MS 39157
Phone Number
(866) 275-7322
NAIC Number
18325
Website
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