Southern Guaranty Ins Co
Major Rating Factors:
Poor long-term capitalization index (2.9 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Fair profitability index (3.5) with operating losses during 2018 and 2022. Average return on equity over the last five years has been poor at -1.3%. Fair overall results on stability tests (3.5) including excessive premium growth, weak results on operational trends, negative cash flow from operations for 2024 and weak risk adjusted capital in prior years.
Other Rating Factors:
Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Excellent liquidity (7.8) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
(No states)
Principal Investments:
Common stock (16.9%), cash (3.7%), other (79.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
13600 ICOT Boulevard
Clearwater, FL 33760
Clearwater, FL 33760
Phone Number
(727) 483-1114
NAIC Number
19178
Website
Largest Affiliates
No affiliate information available.