Major Rating Factors:
Fair profitability index (3.1 on a scale of 0 to 10) with operating losses during 2020 and 2024. Fair overall results on stability tests (3.1) including weak results on operational trends and negative cash flow from operations for 2024. History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (9.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
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:
Homeowners (100.0%)
Licensed in:
AL, LA
Principal Investments:
Investment grade bonds (80.4%), non investment grade bonds (17.5%), cash (1.5%), other (0.6%)
Corporate Info
Group Affiliation
VR Ins SPV LLC
Investment Rating
--
Company Address
661 East Davis Street
Elba, AL 36323
Elba, AL 36323
Phone Number
(334) 897-2273
NAIC Number
16212
Largest Affiliates