Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) due to a decline in earnings during 2023. Weak overall results on stability tests (2.8) based on a steep decline in premium revenue in 2023, a significant -21% decrease in enrollment during the period and poor risk diversification due to the company's size. Excellent capitalization index (10.0) based on excellent current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors:
Excellent quality investment portfolio (8.6) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (10.0) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
TX
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
301 University Boulevard
Galveston, TX 77555
Galveston, TX 77555
Phone Number
(409) 766-4045
NAIC Number
95764
Largest Affiliates
No affiliate information available.