Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall profitability index (5.7) despite operating losses during 2022. Excellent expense controls. Good overall results on stability tests (5.4) despite excessive premium growth, weak risk adjusted capital in prior years and negative cash flow from operations for 2024. The largest net exposure for one risk is high at 4.1% of capital. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2019. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Personal/comm auto (43.1%), work comp (33.6%), comm multi (12.6%), other (10.7%)
Licensed in:
AL, DC, GA, IN, MD, MI, NC, OH, PA, SC, TN, VA
Principal Investments:
Investment grade bonds (93.4%), cash (5.1%), other (1.4%)
Corporate Info
Group Affiliation
Builders Ins Mutual Holding Co
Investment Rating
--
Company Address
2859 Paces Ferry Road
Atlanta, GA 30339
Atlanta, GA 30339
Phone Number
(678) 309-4000
NAIC Number
13060
Website
Largest Affiliates