Major Rating Factors:
Weak profitability index (0.8 on a scale of 0 to 10) with operating losses during each of the last five years. Vulnerable liquidity (0.2) as a spike in claims may stretch capacity. Good long-term capitalization index (6.3) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range over the last two years.
Other Rating Factors:
Good overall results on stability tests (5.9) despite negative cash flow from operations for 2025 and fair risk adjusted capital in prior years. Strengths include potentially strong support from affiliation with Southern Farm Bureau Casualty Ins Co. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (56.5%), farmowners (24.0%), fire (9.5%), comm multi (1.0%), other (8.9%)
Licensed in:
AR, MS
Principal Investments:
Investment grade bonds (43.1%), common stock (13.1%), real estate (5.5%), cash (3.0%), preferred stock (0.7%), other (34.6%)
Corporate Info
Group Affiliation
Southern Farm Bureau Casualty Ins Co
Investment Rating
--
Company Address
1800 East Country Line Road
Ridgeland, MS 39157
Ridgeland, MS 39157
Phone Number
(601) 957-7777
NAIC Number
13757
Website
Largest Affiliates