Major Rating Factors:
Fair overall results on stability tests (4.3 on a scale of 0 to 10) including fair risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.7% of capital. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Ample reserve history (8.1) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.2). Excellent expense controls. 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.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
FL, TX
Principal Investments:
Investment grade bonds (76.4%), cash (14.6%), preferred stock (0.1%), other (8.9%)
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
Texas Medical Liability Trust
Investment Rating
--
Company Address
901 South MoPac Expressway
Austin, TX 78746
Austin, TX 78746
Phone Number
(512) 425-5800
NAIC Number
11588
Website
Largest Affiliates