Major Rating Factors:
Good liquidity (5.0 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.5) despite. Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.0) with operating losses during 2020 and 2023.
Other Rating Factors:
Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.2) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (95.0%), homeowners (3.5%), comm multi (0.5%), farmowners (0.4%), other (0.6%)
Licensed in:
AL, AR, AZ, CO, IN, KY, MO, NV, OH, SC, TN, TX, UT, VA, WI
Principal Investments:
Investment grade bonds (50.5%), common stock (31.8%), cash (10.9%), preferred stock (1.1%), non investment grade bonds (0.5%), other (5.3%)
Corporate Info
Group Affiliation
Alfa Mutual Group
Investment Rating
--
Company Address
4037 Rural Plains Circle
Franklin, TN 37064
Franklin, TN 37064
Phone Number
(334) 288-3900
NAIC Number
12188
Website
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