Major Rating Factors:
Fair profitability index (3.7 on a scale of 0 to 10) with operating losses during 2023 and 2024. History of adequate reserve strength (6.7) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.2) despite excessive premium growth and fair risk adjusted capital in prior years. Stability strengths include excellent operational trends and good risk diversification.
Other Rating Factors:
Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022. Excellent liquidity (8.4) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Homeowners (52.5%), fire (15.2%), other (32.2%)
Licensed in:
AZ, LA, TX
Principal Investments:
Investment grade bonds (60.0%), cash (30.9%), preferred stock (3.5%), non investment grade bonds (1.6%), other (4.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
606 West 12th Street
Austin, TX 78701
Austin, TX 78701
Phone Number
(888) 424-4580
NAIC Number
10925
Largest Affiliates
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