Major Rating Factors:
A history of deficient reserves (2.2 on a scale of 0 to 10) that places pressure on both capital and profits. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 21.0% and 35.6%. Weak profitability index (1.4) with operating losses during 2021, 2022, 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -20.9%. Weak overall results on stability tests (2.3) including weak results on operational trends, weak risk adjusted capital in prior years and negative cash flow from operations for 2024.
Other Rating Factors:
Fair long-term capitalization index (4.0) based on fair current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2023. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
Personal/comm auto (100.0%)
Licensed in:
AL, AR, CT, DE, GA, IA, IL, IN, MD, MI, MN, MO, MS, NC, NM, NV, OH, PA, RI, SC, TN, VA
Principal Investments:
Investment grade bonds (57.0%), cash (24.6%), common stock (18.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
400 Galleria Parkway
Atlanta, GA 30339
Atlanta, GA 30339
Phone Number
(770) 952-0080
NAIC Number
37141
Website
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Largest Affiliates
No affiliate information available.