Major Rating Factors:
Poor long-term capitalization index (1.4 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 good range over the last two years. A history of deficient reserves (1.8) 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 2024. The largest net exposure for one risk is excessive at 11.0% of capital.
Other Rating Factors:
Fair profitability index (3.1) with operating losses during 2023. Return on equity has been low, averaging 1.8% over the past five years. 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
No affiliate information available.