Major Rating Factors:
Good overall results on stability tests (5.7 on a scale of 0 to 10) despite excessive premium growth. The largest net exposure for one risk is high at 3.5% of capital. Stability strengths include good operational trends and excellent risk diversification. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.9) with operating gains in each of the last five years. Return on equity has been low, averaging 1.4% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (82.5%), cash (6.3%), other (11.2%)
Corporate Info
Group Affiliation
Skyward Specialty Ins Group Inc
Investment Rating
Company Address
800 Gessner Road
Houston, TX 77024
Houston, TX 77024
Phone Number
(713) 935-4800
NAIC Number
14175
Website
Largest Affiliates