Major Rating Factors:
Weak overall results on stability tests (2.3 on a scale of 0 to 10) including lack of operational experience. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair profitability index (3.4) with operating losses during the first six months of 2022. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
E - Lack of operating experience.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (52.3%), other (47.7%)
Licensed in:
All states except MN, PR
Principal Investments:
Common stock (65.5%), investment grade bonds (24.1%), cash (9.1%), non investment grade bonds (0.1%), other (1.2%)
Corporate Info
Group Affiliation
McCarthy Partners Management LLC
Investment Rating
--
Company Address
325 N St Paul St #900
DALLAS, TX 75201
DALLAS, TX 75201
Phone Number
(469) 357-9300
NAIC Number
16889
Website
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