Major Rating Factors:
Fair reserve development (3.7 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.9) with operating losses during 2021 and 2023. Fair overall results on stability tests (3.5) including excessive premium growth and fair risk adjusted capital in prior years.
Other Rating Factors:
Strong long-term capitalization index (9.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2019. Superior liquidity (9.3) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (44.7%), homeowners (25.7%), farmowners (20.5%), comm multi (4.5%), fire (2.1%), other (2.4%)
Licensed in:
CO, MS
Principal Investments:
Cash (60.5%), investment grade bonds (24.4%), common stock (13.5%), other (1.5%)
Corporate Info
Group Affiliation
Southern Casualty Holding Co
Investment Rating
--
Company Address
1800 East County Line Road
Ridgeland, MS 39157
Ridgeland, MS 39157
Phone Number
(601) 957-7777
NAIC Number
13641
Website
Largest Affiliates