Major Rating Factors:
Fair profitability index (3.1 on a scale of 0 to 10) with operating losses during 2019, 2020 and 2021. Fair overall results on stability tests (3.8) in spite of healthy premium and capital growth during 2022 but poor risk diversification due to the company's size. Good capitalization index (6.2) based on good current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years.
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 N. Laurent St
Victoria, TX 77901
Victoria, TX 77901
Phone Number
(361) 576-0694
NAIC Number
16552
Largest Affiliates
No affiliate information available.