Woodlands Ins Co
Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Good long-term capitalization index (5.0) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Weak overall results on stability tests (2.6) including excessive premium growth, weak results on operational trends and fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 8.4% of capital.
Other Rating Factors:
Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (97.6%), other (2.4%)
Licensed in:
LA, TX
Principal Investments:
Cash (54.3%), investment grade bonds (44.9%), other (0.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
10055 Grogans Mill Rd.
The Woodlands, TX 77380
The Woodlands, TX 77380
Phone Number
(281) 367-3424
NAIC Number
15545
Website
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