Southern Oak Ins Co
Major Rating Factors:
Good long-term capitalization index (5.5 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2022. History of adequate reserve strength (5.1) as reserves have been consistently at an acceptable level. Good profitability index (5.0) with operating losses during 2020 and 2021.
Other Rating Factors:
Good overall results on stability tests (5.0) despite excessive premium growth and good risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.3% of capital. Excellent liquidity (7.2) 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.