Major Rating Factors:
Poor long-term capitalization index (1.7 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 25.6% and 208.0% deficient. Weak overall results on stability tests (1.4) including weak risk diversification, weak results on operational trends and excessive premium growth.
Other Rating Factors:
Fair profitability index (3.9) with operating losses during 2022. Superior liquidity (9.1) 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.
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:
Personal/comm auto (100.0%)
Licensed in:
HI
Principal Investments:
Cash (84.1%), other (15.9%)
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
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