Major Rating Factors:
Poor long-term capitalization index (1.3 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (1.9) that places pressure on both capital and profits. In four of the last five years, reserves (one year development) were between 25.2% and 208.0% deficient. Weak profitability index (2.6) with operating losses during 2020, 2022 and 2024. Return on equity has been fair, averaging 16.7% over the past five years.
Other Rating Factors:
Weak overall results on stability tests (1.2) including weak risk adjusted capital in prior years, weak risk diversification and weak results on operational trends. The largest net exposure for one risk is excessive at 17.1% of capital. Superior liquidity (9.2) 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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
HI
Principal Investments:
Cash (75.2%), other (24.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
901 Main Street
Dallas, TX 75202
Dallas, TX 75202
Phone Number
(214) 647-4410
NAIC Number
16155
Website
Largest Affiliates
No affiliate information available.