Major Rating Factors:
History of adequate reserve strength (5.4 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (5.5) despite operating losses during 2021. Return on equity has been low, averaging 2.9% over the past five years. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Superior liquidity (9.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.4). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (32.7%), personal/comm auto (20.7%), fin guar/surety (9.2%), fire (3.8%), comm multi (3.3%), work comp (0.5%), product liab. (0.4%), farmowners (0.2%), other (29.2%)
Licensed in:
AL, AZ, CA, GA, KS, LA, MS, NM, OK, SC, TX
Principal Investments:
Investment grade bonds (60.0%), common stock (24.7%), non investment grade bonds (7.7%), cash (4.6%), preferred stock (3.1%)
Corporate Info
Group Affiliation
Goose Creek Capital Inc
Investment Rating
--
Company Address
28420 Hardy Toll Road
Spring, TX 77373
Spring, TX 77373
Phone Number
(713) 960-1214
NAIC Number
10906
Website
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