Southern Oak Ins Co
Major Rating Factors:
History of adequate reserve strength (5.1 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good profitability index (5.0) with operating losses during 2020 and 2021. Return on equity has been low, averaging 1.7% over the past five years. Good overall results on stability tests (5.1) despite good risk adjusted capital in prior years.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022. Superior liquidity (9.0) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (89.2%), fire (6.5%), other (4.3%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (89.2%), common stock (10.1%), other (0.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
816 A1A North
Ponte Vedra Beach, FL 32082
Ponte Vedra Beach, FL 32082
Phone Number
(904) 353-4000
NAIC Number
12247
Website
Largest Affiliates
No affiliate information available.