Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.4) with operating losses during 2023. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.0) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (98.4%), other (1.6%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (78.0%), cash (18.5%), other (3.5%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
10 Burton Hills Blvd.
Nashville, TN 37215
Nashville, TN 37215
Phone Number
(615) 639-8949
NAIC Number
39640
Largest Affiliates
No affiliate information available.