Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with small operating losses during 2020. Excellent expense controls. Return on equity has been low, averaging 0.2% over the past five years. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.6) including excessive premium growth. Strengths include potential support from affiliation with Mercury General Corporation.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.5) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (99.7%), other (0.3%)
Licensed in:
GA
Principal Investments:
Cash (79.2%), common stock (10.2%), investment grade bonds (6.9%), other (3.7%)
Ratios
Premium to Surplus
--
Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
--
Combined Ratio
--
Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Mercury General Corporation
Investment Rating
Company Address
125 Town Park Drive, NW
Kennesaw, GA 30144
Kennesaw, GA 30144
Phone Number
(770) 552-5100
NAIC Number
10015
Website
Largest Affiliates