Major Rating Factors:
Good overall profitability index (5.0 on a scale of 0 to 10) with operating gains in each of the last five years. Return on equity has been low, averaging 3.7% over the past five years. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair reserve development (4.1) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair overall results on stability tests (3.9) including weak results on operational trends and negative cash flow from operations for 2024. Strong long-term capitalization index (9.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors:
F - Negative cash flow.
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:
Other (100%)
Licensed in:
DE, GA, OK
Principal Investments:
Investment grade bonds (96.5%), cash (2.6%), other (0.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
3500 Lenox Road
Atlanta, GA 30326
Atlanta, GA 30326
Phone Number
(888) 338-9522
NAIC Number
19607
Website
Largest Affiliates
No affiliate information available.