Major Rating Factors:
Good long-term capitalization index (5.7 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the weak range during the last year. A history of deficient reserves (2.9) that places pressure on both capital and profits. In 2024 and 2025 the one year reserve development was 17.7% and 24.0% deficient respectively. Fair profitability index (3.9) with operating losses during 2021, 2022 and 2023.
Other Rating Factors:
Fair overall results on stability tests (3.3) including weak risk adjusted capital in prior years, weak results on operational trends and excessive premium growth. Good liquidity (7.0) 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.
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:
Personal/comm auto (76.5%), work comp (13.6%), homeowners (3.4%), other (6.6%)
Licensed in:
All states except AK, CA, CT, DE, HI, MA, ME, MI, NH, NJ, NY, PA, RI, VT, WI, WV
Principal Investments:
Investment grade bonds (86.3%), cash (11.8%), other (1.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
7301 Carmel Executive Park
Charlotte, NC 28266
Charlotte, NC 28266
Phone Number
(980) 771-2490
NAIC Number
20400
Website
Largest Affiliates
No affiliate information available.