Major Rating Factors:
Weak profitability index (2.8 on a scale of 0 to 10) with operating losses during 2020, 2021, 2023 and 2024. Average return on equity over the last five years has been poor at -13.6%. Weak overall results on stability tests (2.3) including weak risk diversification, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. Good long-term capitalization index (5.4) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year.
Other Rating Factors:
History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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:
Homeowners (48.4%), personal/comm auto (39.7%), fire (11.9%)
Licensed in:
OK
Principal Investments:
Common stock (51.8%), investment grade bonds (48.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
110 West Main Street
Jones, OK 73049
Jones, OK 73049
Phone Number
(405) 399-9100
NAIC Number
10537
Website
Largest Affiliates
No affiliate information available.