Major Rating Factors:
Weak overall results on stability tests (2.4 on a scale of 0 to 10) including weak risk diversification and negative cash flow from operations for 2024. Fair profitability index (4.1) with operating losses during 2020, 2023 and 2024. Return on equity has been low, averaging 3.9% over the past five years. Strong long-term capitalization index (9.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (89.0%), other (11.0%)
Licensed in:
GA, MS
Principal Investments:
Investment grade bonds (65.3%), common stock (14.5%), cash (1.5%), other (18.7%)
Corporate Info
Group Affiliation
Atlantic American / Delta Group
Investment Rating
--
Company Address
4370 Peachtree Road, NE
Atlanta, GA 30319
Atlanta, GA 30319
Phone Number
(404) 231-2111
NAIC Number
10898
Website
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