Major Rating Factors:
Good overall profitability index (5.7 on a scale of 0 to 10) despite operating losses during 2021, 2022 and 2023. Fair liquidity (4.1) as cash resources may not be adequate to cover a spike in claims. Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024.
Other Rating Factors:
Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.2). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (53.1%), homeowners (21.9%), farmowners (16.9%), fire (0.6%), other (7.4%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (58.9%), common stock (8.8%), cash (5.5%), non investment grade bonds (0.2%), other (26.7%)
Corporate Info
Group Affiliation
Texas Farm Bureau
Investment Rating
--
Company Address
7420 Fish Pond Road
Waco, TX 76710
Waco, TX 76710
Phone Number
(254) 772-3030
NAIC Number
13004
Website
Largest Affiliates