Major Rating Factors:
Good long-term capitalization index (5.7 on a scale of 0 to 10) based on good current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range over the last two years. Good overall profitability index (6.6) despite operating losses during 2021. Good liquidity (5.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.2) despite excessive premium growth and fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. Ample reserve history (7.1) that can protect against increases in claims costs.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (98.9%), homeowners (0.6%), other (0.5%)
Licensed in:
AL, AR, AZ, FL, GA, IA, IN, KS, MO, MS, NE, NM, NV, OH, OK, PA, SC, TN, TX, VA, WI
Principal Investments:
Investment grade bonds (81.8%), cash (15.8%), other (2.4%)
Corporate Info
Group Affiliation
AssuranceAmerica Corporation
Investment Rating
--
Company Address
100 Galleria Pkwy SE
Atlanta, GA 30339
Atlanta, GA 30339
Phone Number
(770) 952-0200
NAIC Number
10922
Website
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