Major Rating Factors:
Fair profitability index (3.6 on a scale of 0 to 10) with operating losses during 2020, 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -2.5%. Fair overall results on stability tests (3.1) including negative cash flow from operations for 2024. 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. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (45.8%), homeowners (1.3%), other (52.9%)
Licensed in:
AL
Principal Investments:
Real estate (21.8%), cash (4.7%), common stock (0.4%), other (73.2%)
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
No affiliate information available.