Major Rating Factors:
A history of deficient reserves (2.3 on a scale of 0 to 10). Underreserving can have an adverse impact on capital and profits. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 21.2% and 35.6%. Weak profitability index (1.5) with operating losses during each of the last five years. Vulnerable liquidity (0.3) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (2.5) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2025. Fair long-term capitalization index (3.7) based on fair current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023.
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.
L - Past results on our liquidity tests.
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 (37.2%), common stock (25.2%), cash (10.3%), other (27.3%)
Corporate Info
Group Affiliation
None
Investment Rating
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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
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