Major Rating Factors:
Good long-term capitalization index (5.5 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the weak range during the last year. Fair profitability index (3.4) with operating losses during 2021, 2023 and 2024. Vulnerable liquidity (2.8) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (2.5) including weak risk diversification and fair risk adjusted capital in prior years. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (48.2%), personal/comm auto (38.4%), fire (13.4%)
Licensed in:
OK
Principal Investments:
Common stock (50.9%), investment grade bonds (43.5%), cash (5.6%)
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
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