Development
C
SOUTHERN OAK INS CO
Rating Date
December 2023
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
0.99
Risk Adjusted
Capital Ratio #2
0.75
Loss
Ratio
67.20%
Total
Assets
159.54M
Capital
44.84M
Net
Premiums
121.91M
Net
Income
486.80K
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Weiss Ratings Southern Oak Ins Co
Jacksonville, IL 		Click to
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Rating B
Capitalization Index 5.00
Investment Safety Index --
Liquidity Index 4.30
Profitability Index 2.90
Reserve Adequacy Index 3.50
Stability Index 3.30
Company Info Southern Oak Ins Co
Jacksonville, IL 		Click to
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Industry P&C
NAIC Number 12247
Phone Number (904) 353-4000
Website southernoak.com
Address 816 A1A North Ponte Vedra Beach, FL 32082
Balance Sheet Southern Oak Ins Co
Jacksonville, IL 		Click to
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Total Assets 159.54M
Capital and Reserves Southern Oak Ins Co
Jacksonville, IL 		Click to
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Risk-Adjusted Capital Ratio #1 0.99
Risk-Adjusted Capital Ratio #2 0.75
1-Year Reserve Development -0.10%
2-Year Reserve Development 21.60%
Capital 44.84M
Premium to Surplus 271.90%
Reserves to Surplus 64.70%
Investments Southern Oak Ins Co
Jacksonville, IL 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates 0.00%
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios Southern Oak Ins Co
Jacksonville, IL 		Click to
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Medical Loss Ratio --
Cash From Underwriting 106.10%
Combined Ratio 95.50%
Expense Ratio 28.30%
Loss Ratio 67.20%
Net Premium Growth 23.90%
Other Medical Southern Oak Ins Co
Jacksonville, IL 		Click to
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Bonus Pay --
Capitation Pay --
Contractual Pay --
Enrollment --
Fee For Service --
Medical Expense Per Member Per Month --
Network Physicians --
Other Pay --
Salary Pay --
Total Patient Encounters - Physician --
Total Patient Encounters-Non-Physician --
Profitability Southern Oak Ins Co
Jacksonville, IL 		Click to
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Net Income 486.80K
Net Premium 121.91M
Health Premium --