Major Rating Factors:
Weak profitability index (1.7 on a scale of 0 to 10) with operating losses during 2022, 2023 and 2024. Fair long-term capitalization index (4.3) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Fair overall results on stability tests (3.9) including excessive premium growth and fair risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.9% of capital.
Other Rating Factors:
History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level. Good liquidity (5.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (90.3%), personal/comm auto (4.5%), work comp (3.2%), other (2.0%)
Licensed in:
AL, GA, KY, NC, SC, TN, VA, WV
Principal Investments:
Investment grade bonds (67.1%), common stock (6.3%), real estate (0.7%), preferred stock (0.7%), other (25.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
201 Greenlawn Drive
Columbia, SC 29209
Columbia, SC 29209
Phone Number
(803) 776-9365
NAIC Number
26468
Website
Largest Affiliates
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