New Mexico Security Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.5) including excessive premium growth, negative cash flow from operations for 2025 and fair risk adjusted capital in prior years. Weak profitability index (2.6) with operating losses during 2021, 2022, 2023 and 2024.
Other Rating Factors:
Good liquidity (5.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
NM
Principal Investments:
Investment grade bonds (96.3%), cash (2.4%), other (1.3%)
Corporate Info
Group Affiliation
New Mexico Mutual Casualty Co
Investment Rating
--
Company Address
5201 Balloon Fiesta Parkway, NE
Albuquerque, NM 87113
Albuquerque, NM 87113
Phone Number
(505) 345-7260
NAIC Number
15349
Website
Largest Affiliates