Major Rating Factors:
Fair overall results on stability tests (3.7 on a scale of 0 to 10) in spite of healthy premium and capital growth during 2022 but poor risk diversification due to the company's size. Weak profitability index (1.9) with operating losses during 2019, 2020 and 2021. Good capitalization index (5.7) based on fair current risk-adjusted capital (severe loss scenario).
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing little or no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.0) 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
1908 North Laurent
Victoria, TX 77901
Victoria, TX 77901
Phone Number
(361) 576-0694
NAIC Number
16552
Largest Affiliates
No affiliate information available.