Major Rating Factors:
Weak overall results on stability tests (2.5) including weak results on operational trends and negative cash flow from operations for 2022.
Other Rating Factors:
Good overall profitability index (5.6) despite operating losses during 2018 and 2021. Return on equity has been good over the last five years, averaging 212.0%. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. 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.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (40.6%), homeowners (26.0%), farmowners (22.5%), comm multi (5.4%), fire (2.3%), other (3.2%)
Licensed in:
CO, MS
Principal Investments:
Cash (55.7%), investment grade bonds (28.9%), common stock (11.7%), other (3.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1800 East County Line Road
Ridgeland, MS 39157
Ridgeland, MS 39157
Phone Number
(303) 749-7615
NAIC Number
13641
Website
Largest Affiliates
