Major Rating Factors:
A history of deficient reserves (1.0 on a scale of 0 to 10) that places pressure on both capital and profits. In 2024 and 2023 the one year reserve development was 70.6% and 71.1% deficient respectively. Fair long-term capitalization index (3.9) based on fair current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. Fair profitability index (4.7) with operating losses during 2020, 2021, 2022 and the first three months of 2025. Average return on equity over the last five years has been poor at -0.5%.
Other Rating Factors:
Fair liquidity (4.3) as cash resources may not be adequate to cover a spike in claims. Fair overall results on stability tests (3.2) including weak results on operational trends and weak risk adjusted capital in prior years.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
All states except AK, IL, LA, MA, ME, MI, NC, NH, NJ, NM, NY, VT
Principal Investments:
Investment grade bonds (50.6%), common stock (34.9%), other (14.5%)
Corporate Info
Group Affiliation
Premier Holdings LLC
Investment Rating
--
Company Address
2 Maryland Farms
Brentwood, TN 37027
Brentwood, TN 37027
Phone Number
(800) 422-0794
NAIC Number
33650
Website
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