Major Rating Factors:
Fair profitability index (3.4 on a scale of 0 to 10) with operating losses during 2021 and 2023. Fair liquidity (4.7) as cash resources may not be adequate to cover a spike in claims. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.8). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
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