Major Rating Factors:
Fair overall results on stability tests (3.4 on a scale of 0 to 10) including weak results on operational trends. Weak profitability index (1.9) with small operating losses during 2021. Return on equity has been fair, averaging 18.7% over the past five years.
Other Rating Factors:
History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level. 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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (49.5%), homeowners (38.1%), fire (2.6%), comm multi (2.0%), other (7.9%)
Licensed in:
FL, LA, MS, SC
Principal Investments:
Investment grade bonds (67.1%), common stock (21.2%), cash (11.3%), other (0.4%)
Corporate Info
Group Affiliation
Southern Farm Bureau Casualty
Investment Rating
--
Company Address
6311 Ridgewood Road
Jackson, MS 39211
Jackson, MS 39211
Phone Number
(601) 977-3200x4301
NAIC Number
27669
Website
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