Major Rating Factors:
Fair profitability index (4.1 on a scale of 0 to 10) with operating losses during 2020, 2023, 2024 and the first three months of 2025. Return on equity has been low, averaging 3.9% over the past five years. Weak overall results on stability tests (2.7) including negative cash flow from operations for 2024. Strong long-term capitalization index (9.6) 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 (10.0) 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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