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. Return on equity has been low, averaging 2.6% over the past five years. Fair overall results on stability tests (3.6) including. The largest net exposure for one risk is excessive at 8.5% of capital.
Other Rating Factors:
Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (8.1) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
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
Website
Largest Affiliates
No affiliate information available.