Major Rating Factors:
Fair profitability index (3.4 on a scale of 0 to 10) with operating losses during 2021 and 2023. Average return on equity over the last five years has been poor at -1.4%. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.8). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (64.5%), homeowners (12.8%), farmowners (2.4%), comm multi (0.9%), fire (0.8%), other (18.6%)
Licensed in:
AR, CO, FL, LA, MS, SC
Principal Investments:
Investment grade bonds (61.1%), common stock (25.4%), cash (4.8%), real estate (0.5%), non investment grade bonds (0.1%), other (8.0%)
Corporate Info
Group Affiliation
Southern Casualty Holding Co
Investment Rating
--
Company Address
1800 E. County Line Road
Ridgeland, MS 39157
Ridgeland, MS 39157
Phone Number
(866) 275-7322
NAIC Number
18325
Website
Largest Affiliates