Major Rating Factors:
History of adequate reserve strength (5.5 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (6.0) despite operating losses during 2021. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.3) despite. The largest net exposure for one risk is high at 4.6% of capital. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (29.7%), personal/comm auto (18.3%), fin guar/surety (9.1%), fire (3.5%), comm multi (2.7%), work comp (0.5%), product liab. (0.3%), other (35.8%)
Licensed in:
AL, AZ, CA, GA, KS, LA, MS, NM, OK, SC, TX
Principal Investments:
Investment grade bonds (51.8%), common stock (25.7%), non investment grade bonds (6.7%), cash (4.7%), preferred stock (3.4%), other (7.8%)
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
Largest Affiliates