Southern Ins Co of VA
Major Rating Factors:
Good overall results on stability tests (5.7 on a scale of 0 to 10) despite. The largest net exposure for one risk is high at 4.0% of capital. Fair profitability index (3.1) with operating losses during 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -3.5%. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (54.1%), homeowners (21.0%), work comp (11.2%), comm multi (8.3%), fire (0.8%), other (4.6%)
Licensed in:
AL, DC, DE, GA, MD, NC, OH, PA, SC, TN, VA, WV
Principal Investments:
Investment grade bonds (93.4%), cash (4.1%), real estate (0.6%), other (1.9%)
Corporate Info
Group Affiliation
Donegal Mutual Ins Co
Investment Rating
--
Company Address
801 Virginia Village Drive
Glen Allen, VA 23060
Glen Allen, VA 23060
Phone Number
(804) 266-7012
NAIC Number
26867
Website
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