Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8) with operating losses during the first three months of 2025. Return on equity has been fair, averaging 6.9% over the past five years. Fair overall results on stability tests (4.0) including excessive premium growth. Strengths include potentially strong support from affiliation with Builders Mutual Ins Co.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
AL, AR, AZ, DC, FL, GA, KY, MD, MS, NC, OK, SC, TN, TX, VA
Principal Investments:
Investment grade bonds (76.0%), cash (23.4%), other (0.6%)
Corporate Info
Group Affiliation
Builders Mutual Ins Co
Investment Rating
--
Company Address
5580 Centerview Drive
Raleigh, NC 27606
Raleigh, NC 27606
Phone Number
(573) 474-6193
NAIC Number
11258
Website
Largest Affiliates