Major Rating Factors:
Fair profitability index (3.4 on a scale of 0 to 10) with operating losses during 2022 and 2023. Fair overall results on stability tests (3.1) including. Vulnerable liquidity (2.1) as a spike in claims may stretch capacity.
Other Rating Factors:
Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
NC
Principal Investments:
Investment grade bonds (45.0%), cash (43.1%), common stock (10.0%), real estate (2.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
604 North Queen Street
Kinston, NC 28501
Kinston, NC 28501
Phone Number
(252) 523-1200
NAIC Number
22635
Largest Affiliates
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