Major Rating Factors:
A history of deficient reserves (2.1 on a scale of 0 to 10) that places pressure on both capital and profits. The one year reserve development was deficient in three of the last five years by between 16.0% and 41.3%. Fair long-term capitalization index (3.2) based on fair current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024. Fair overall results on stability tests (3.5) including weak risk adjusted capital in prior years.
Other Rating Factors:
Good overall profitability index (5.9) despite operating losses during 2022. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Homeowners (87.3%), fire (4.9%), other (7.8%)
Licensed in:
LA, OK, TX
Principal Investments:
Cash (67.4%), investment grade bonds (31.5%), common stock (1.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
4669 Southwest Freeway
Houston, TX 77027
Houston, TX 77027
Phone Number
(713) 559-0700
NAIC Number
12898
Website
Largest Affiliates
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