Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2021 and 2022. Return on equity has been low, averaging 1.4% over the past five years. Fair overall results on stability tests (4.6) including weak risk adjusted capital in prior years. Good long-term capitalization index (5.0) based on good current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023.
Other Rating Factors:
History of adequate reserve strength (5.6) as reserves have been consistently at an acceptable level. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.6%), homeowners (0.4%)
Licensed in:
IL, IN, MO, MS, OH, PA, SC, TN, VA
Principal Investments:
Investment grade bonds (89.5%), cash (3.7%), non investment grade bonds (0.4%), other (6.5%)
Corporate Info
Group Affiliation
First Acceptance Corporation
Investment Rating
Company Address
3813 Green Hills Village Drive
Nashville, TN 37215
Nashville, TN 37215
Phone Number
(615) 327-4888
NAIC Number
12825
Website
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