Major Rating Factors:
Fair reserve development (4.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2021 the two year reserve development was 19.4% deficient. Fair profitability index (3.7) with operating losses during 2021, 2023, 2024 and the first six months of 2025. Return on equity has been low, averaging 0.2% over the past five years. Fair overall results on stability tests (3.0) including excessive premium growth and negative cash flow from operations for 2024.
Other Rating Factors:
Vulnerable liquidity (2.5) as a spike in claims may stretch capacity. Strong long-term capitalization index (9.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (86.3%), other (13.7%)
Licensed in:
NC, SC
Principal Investments:
Common stock (50.8%), investment grade bonds (41.7%), other (7.5%)
Corporate Info
Group Affiliation
J Leon Hix Revocable Trust
Investment Rating
--
Company Address
706 West Wade Hampton Boulevard
Greer, SC 29650
Greer, SC 29650
Phone Number
(864) 848-0200
NAIC Number
11128
Largest Affiliates