Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Weak overall results on stability tests (2.5) including weak risk diversification. Good profitability index (4.9) with small operating losses during 2021.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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 (70.0%), other (30.0%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (70.0%), common stock (21.5%), cash (5.2%), other (3.3%)
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.