SOUTHERN COUNTY MUTUAL INS CO
Major Rating Factors:
Fair overall results on stability tests (3.3 on a scale of 0 to 10) including weak results on operational trends and negative cash flow from operations for 2022.
Other Rating Factors:
Weak profitability index (2.8). Weak expense controls. Vulnerable liquidity (0.0) as a spike in claims may stretch capacity. Strong long-term capitalization index (9.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (60.9%), cash (0.4%), other (38.6%)