Major Rating Factors:
Fair overall results on stability tests (3.7 on a scale of 0 to 10) including weak results on operational trends and negative cash flow from operations for 2024. Weak profitability index (2.4) with operating losses during 2020, 2021, 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -8.6%. Good liquidity (5.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.1) that helps to protect the company against sharp claims increases.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (32.6%), homeowners (29.2%), other (38.2%)
Licensed in:
AL, AR, CA, FL, GA, KY, MS, OK, SC, TN, WV
Principal Investments:
Investment grade bonds (57.1%), non investment grade bonds (12.0%), common stock (9.7%), other (21.2%)
Corporate Info
Group Affiliation
VR Ins SPV LLC
Investment Rating
--
Company Address
661 East Davis Street
Elba, AL 36323
Elba, AL 36323
Phone Number
(334) 897-2273
NAIC Number
12114
Largest Affiliates