Major Rating Factors:
Weak profitability index (2.6 on a scale of 0 to 10) with operating losses during 2019, 2020, 2021, 2023 and the first three months of 2025. Average return on equity over the last five years has been poor at -15.0%. Weak overall results on stability tests (2.0) including weak results on operational trends and negative cash flow from operations for 2024. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
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 (40.0%), other (60.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (96.6%), cash (1.4%), other (2.0%)
Corporate Info
Group Affiliation
Citizens Inc
Investment Rating
Company Address
11815 Alterra Parkway
Austin, TX 78758
Austin, TX 78758
Phone Number
(512) 837-7100
NAIC Number
10246
Largest Affiliates