Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2020. Average return on equity over the last five years has been poor at -2.6%. Weak overall results on stability tests (2.5) including weak results on operational trends. Strong long-term capitalization index (8.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
AR, KS, LA, MS, NM, OK, TX
Principal Investments:
Common stock (55.5%), investment grade bonds (17.8%), cash (0.6%), other (26.2%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
501 Shelley Drive
Tyler, TX 75701
Tyler, TX 75701
Phone Number
(903) 509-4929
NAIC Number
11579
Website
Largest Affiliates
No affiliate information available.