Major Rating Factors:
A history of deficient reserves (1.8 on a scale of 0 to 10) that places pressure on both capital and profits. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 27.6% and 54.4%. Weak overall results on stability tests (2.8) including weak risk adjusted capital in prior years and negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 11.0% of capital. Fair long-term capitalization index (3.8) based on fair current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2024.
Other Rating Factors:
Fair profitability index (3.1) with operating losses during 2023. Good liquidity (5.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (60.0%), other (40.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (67.7%), common stock (14.8%), cash (6.1%), preferred stock (4.4%), other (7.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1958 Monroe Drive, NE
Atlanta, GA 30324
Atlanta, GA 30324
Phone Number
(404) 872-3841
NAIC Number
19003
Website
Largest Affiliates
There are no affiliate to display.