Major Rating Factors:
History of adequate reserve strength (5.4 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (5.1) despite operating losses during 2024. Excellent expense controls. Good overall results on stability tests (5.0) despite excessive premium growth and weak risk adjusted capital in prior years. Other stability subfactors include potential support from affiliation with Auto Club Ins Association Group, good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (67.7%), homeowners (31.1%), other (1.2%)
Licensed in:
NC, SC
Principal Investments:
Investment grade bonds (39.5%), cash (35.4%), other (25.0%)
Corporate Info
Group Affiliation
Auto Club Ins Association Group
Investment Rating
--
Company Address
3426 Toringdon Way
Charlotte, NC 28277
Charlotte, NC 28277
Phone Number
(336) 771-0400
NAIC Number
32972
Website
Largest Affiliates