Major Rating Factors:
Fair profitability index (2.9 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. History of adequate reserve strength (5.1) as reserves have been consistently at an acceptable level. Good liquidity (5.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.5) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (90.1%), common stock (4.7%), preferred stock (1.5%), non investment grade bonds (0.3%), cash (0.3%), other (3.0%)
Corporate Info
Group Affiliation
Germania Farm Mutual Ins Association
Investment Rating
--
Company Address
507 Highway 290 East
Brenham, TX 77833
Brenham, TX 77833
Phone Number
(979) 836-5224
NAIC Number
11521
Website
Largest Affiliates