Major Rating Factors:
Poor long-term capitalization index (2.8 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2023. Weak profitability index (2.2) with operating losses during 2020, 2021, 2022 and 2023. Vulnerable liquidity (0.4) as a spike in claims may stretch capacity.
Other Rating Factors:
History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.4) despite weak risk adjusted capital in prior years and negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
L - Past results on our liquidity tests.
Principal Lines of Business:
Homeowners (93.9%), fire (1.8%), other (4.3%)
Licensed in:
All states except CA, CT, FL, HI, ID, KS, MA, MD, ME, NH, NJ, NY, VT, WI, WV
Principal Investments:
Investment grade bonds (53.4%), common stock (12.0%), cash (6.2%), other (28.4%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
1400 Corporate Drive
Irving, TX 75038
Irving, TX 75038
Phone Number
(949) 922-9900
NAIC Number
12536
Website
Largest Affiliates
No affiliate information available.