Major Rating Factors:
Weak profitability (1.6 on a scale of 0 to 10) with operating losses during 2024. Return on equity has been low, averaging -48.7%. Weak overall results on stability tests (0.5) including weak results on operational trends, weak risk adjusted capital in prior years and negative cash flow from operations for 2024. Fair capitalization (4.4) based on fair risk adjusted capital (moderate loss scenario).
Other Rating Factors:
Good quality investment portfolio (6.0). Good Liquidity (5.8).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (43.8%), other (56.2%)
Licensed in:
TX
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
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Investments in Affiliates
Corporate Info
Group Affiliation
Texas Republic Capital Corporation
Investment Rating
--
Company Address
115 WILD BASIN ROAD STE 306
Austin, TX 78738
Austin, TX 78738
Phone Number
(512) 330-0099
NAIC Number
16006
Website
Largest Affiliates