Major Rating Factors:
Good long-term capitalization index (5.4 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 during the last year. Good overall profitability index (6.1) despite operating losses during 2020 and 2021. Return on equity has been fair, averaging 9.0% over the past five years. Good overall results on stability tests (5.4) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and good risk diversification.
Other Rating Factors:
Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.2%), homeowners (0.4%), other (0.4%)
Licensed in:
AL, AR, AZ, FL, GA, IN, KS, MO, MS, NE, NV, OH, OK, PA, SC, TN, TX, VA, WI
Principal Investments:
Investment grade bonds (74.7%), cash (24.9%), other (0.4%)
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 6166
NAIC Number
10922
Website
Largest Affiliates