Major Rating Factors:
Good overall results on stability tests (5.4 on a scale of 0 to 10) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with Donegal Mutual Ins Co, good operational trends and excellent risk diversification. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.9) with small operating losses during 2022 and 2023. Return on equity has been low, averaging 1.0% over the past five years.
Other Rating Factors:
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. Superior liquidity (10.0) 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 (51.4%), homeowners (41.9%), fire (3.0%), comm multi (1.7%), other (2.1%)
Licensed in:
GA, SC
Principal Investments:
Investment grade bonds (66.7%), cash (29.7%), real estate (1.4%), other (2.2%)
Corporate Info
Group Affiliation
Donegal Mutual Ins Co
Investment Rating
--
Company Address
360 Alps Road
Athens, GA 30606
Athens, GA 30606
Phone Number
(706) 543-5283
NAIC Number
15172
Largest Affiliates