Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with small operating losses during 2021. Excellent expense controls. Good overall results on stability tests (5.9) despite excessive premium growth. Other stability subfactors include potential support from affiliation with Southern Casualty Holding Co, good operational trends and excellent risk diversification. Fair reserve development (3.9) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
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:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (47.9%), homeowners (39.5%), farmowners (4.9%), comm multi (2.2%), fire (2.1%), other (3.4%)
Licensed in:
MS
Principal Investments:
Investment grade bonds (64.3%), common stock (20.1%), cash (15.5%)
Corporate Info
Group Affiliation
Southern Casualty Holding Co
Investment Rating
--
Company Address
6311 Ridgewood Road
Jackson, MS 39211
Jackson, MS 39211
Phone Number
(601) 957-4616
NAIC Number
27669
Website
Largest Affiliates