Ins Co of the South
Major Rating Factors:
Fair long-term capitalization index (4.2 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.7) despite fair risk adjusted capital in prior years.
Other Rating Factors:
Fair reserve development (4.4) as the level of reserves has at times been insufficient to cover claims. In 2020 and 2021 the two year reserve development was 19.5% and 23.0% deficient respectively. Excellent profitability index (8.5) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 14.3%.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
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 (21.6%), fire (8.5%), fin guar/surety (7.4%), comm multi (5.5%), homeowners (4.1%), other (53.0%)
Licensed in:
All states except CA, FL, ID, MO, NJ, NY, OH, WI
Principal Investments:
Investment grade bonds (78.6%), common stock (5.8%), non investment grade bonds (0.5%), cash (0.4%), other (14.7%)
Corporate Info
Group Affiliation
Tiptree Inc
Investment Rating
Company Address
10751 Deerwood Park Boulevard
Jacksonville, FL 32256
Jacksonville, FL 32256
Phone Number
(904) 350-9660
NAIC Number
11162
Website
Largest Affiliates