Major Rating Factors:
Fair overall results on stability tests (4.2 on a scale of 0 to 10) including fair financial strength of affiliated Atlantic American Corp and negative cash flow from operations for 2022. Weak profitability (1.9) with operating losses during 2022. Return on equity has been low, averaging -6.6%. Strong capitalization (8.0) based on excellent risk adjusted capital (severe loss scenario).
Other Rating Factors:
High quality investment portfolio (8.9). Excellent Liquidity (10.0).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
Principal Lines of Business:
--
Licensed in:
All states except AK, CA, CT, ID, ME, MA, MN, NH, NJ, NY, OR, RI, VT, WA, WI, PR
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
Atlantic American Corp
Investment Rating
--
Company Address
4370 Peachtree Rd NE
Atlanta, GA 30319
Atlanta, GA 30319
Phone Number
(800) 241-1439
NAIC Number
71919
Website
Largest Affiliates