Major Rating Factors:
Good profitability index (5.0 on a scale of 0 to 10) with modest operating losses during the first three months of 2025. Return on equity has been low, averaging 3.3% over the past five years. Fair overall results on stability tests (4.9) including. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (97.1%), fin guar/surety (2.9%)
Licensed in:
All states except HI, ND, PA, WV
Principal Investments:
Investment grade bonds (61.3%), cash (1.6%), other (37.0%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
22777 Springwoods Village Parkway
Spring, TX 77389
Spring, TX 77389
Phone Number
(346) 474-9296
NAIC Number
12297
Website
Largest Affiliates
No affiliate information available.