Major Rating Factors:
Fair profitability index (4.4 on a scale of 0 to 10) with operating losses during 2022, 2023 and 2024. Fair overall results on stability tests (3.1) including negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 6.6% of capital. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Fire (42.4%), homeowners (0.9%), other (56.8%)
Licensed in:
AL
Principal Investments:
Real estate (20.7%), cash (4.2%), common stock (0.4%), other (74.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
315 East Laurel Avenue
Foley, AL 36535
Foley, AL 36535
Phone Number
(251) 943-8526
NAIC Number
31186
Website
Largest Affiliates
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