Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (8.4). Stability strengths include excellent operational trends and excellent risk diversification. Fair profitability index (4.8) with operating losses during 2023. Return on equity has been low, averaging 2.4% over the past five years.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (51.9%), homeowners (28.6%), farmowners (7.8%), fire (2.9%), comm multi (2.3%), other (6.5%)
Licensed in:
TN
Principal Investments:
Investment grade bonds (82.4%), common stock (13.8%), cash (0.6%), other (3.2%)
Corporate Info
Group Affiliation
Tennessee Farmers Ins Companies
Investment Rating
--
Company Address
147 Bear Creek Pike
Columbia, TN 38401
Columbia, TN 38401
Phone Number
(931) 388-7872
NAIC Number
41220
Website
Largest Affiliates