Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.6) with operating losses during 2020 and 2021. Return on equity has been low, averaging 1.1% over the past five years. Weak overall results on stability tests (2.5) including weak risk diversification and negative cash flow from operations for 2024.
Other Rating Factors:
Good long-term capitalization index (6.8) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (69.8%), other (30.2%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (72.6%), common stock (16.3%), cash (3.8%), other (7.3%)
Ratios
Premium to Surplus
Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
505 Orleans Street
Beaumont, TX 77701
Beaumont, TX 77701
Phone Number
(409) 600-8300
NAIC Number
10199
Website
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Largest Affiliates
No affiliate information available.