Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (6.3) despite operating losses during 2023. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023.
Other Rating Factors:
Excellent liquidity (7.5) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (6.9) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.1% of capital.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business:
Fin guar/surety (39.0%), work comp (6.0%), comm multi (4.4%), homeowners (4.4%), personal/comm auto (2.7%), med mal (1.3%), fire (1.0%), product liab. (0.9%), farmowners (0.2%), other (40.1%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (65.3%), common stock (25.9%), other (8.9%)
Corporate Info
Group Affiliation
Markel Group Inc
Investment Rating
Company Address
2103 CityWest Boulevard
Houston, TX 77042
Houston, TX 77042
Phone Number
(713) 812-0800
NAIC Number
10916
Website
Largest Affiliates