Major Rating Factors:
Fair profitability index (3.2 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Fair overall results on stability tests (3.1) including fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 5.5% of capital. Fair long-term capitalization index (4.9) based on fair current risk adjusted capital (severe loss scenarios).
Other Rating Factors:
Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. 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.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (68.6%), fire (15.2%), farmowners (2.8%), comm multi (1.2%), other (12.2%)
Licensed in:
KY, TN
Principal Investments:
Investment grade bonds (71.3%), cash (9.7%), real estate (6.3%), preferred stock (1.0%), common stock (0.6%), other (11.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
837 North Hall of Fame Drive
Knoxville, TN 37917
Knoxville, TN 37917
Phone Number
(865) 523-5153
NAIC Number
30651
Website
Largest Affiliates
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