Major Rating Factors:
Fair profitability index (3.2 on a scale of 0 to 10) with operating losses during 2023 and 2024. Average return on equity over the last five years has been poor at -2.6%. Fair overall results on stability tests (3.6) including fair risk adjusted capital in prior years. Good long-term capitalization index (6.3) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2022.
Other Rating Factors:
Ample reserve history (8.0) that can protect against increases in claims costs. Superior liquidity (9.4) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (51.6%), fire (13.4%), other (35.0%)
Licensed in:
AZ, LA, TX
Principal Investments:
Investment grade bonds (40.0%), cash (33.4%), preferred stock (6.4%), other (20.2%)
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
No affiliate information available.