Ins Co of the South
Major Rating Factors:
Fair long-term capitalization index (4.4 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 over the last two years. Good liquidity (5.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.8) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Fair reserve development (4.9) as reserves have generally been sufficient to cover claims. In 2021 the two year reserve development was 23.0% deficient. Excellent profitability index (7.8).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (22.7%), fire (8.7%), fin guar/surety (8.2%), comm multi (6.7%), homeowners (3.9%), other (49.8%)
Licensed in:
All states except CA, FL, ID, MO, NJ, NY, OH, WI
Principal Investments:
Investment grade bonds (75.3%), common stock (10.4%), non investment grade bonds (6.7%), preferred stock (0.3%), cash (0.2%), other (7.1%)
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