Major Rating Factors:
Fair profitability index (4.6 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023 and 2024. Fair overall results on stability tests (4.0) including weak results on operational trends, negative cash flow from operations for 2024, lack of operational experience and excessive premium growth. The largest net exposure for one risk is conservative at 1.8% of capital. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.1) that helps to protect the company against sharp claims increases. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
E - Lack of operating experience.
F - Negative cash flow.
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 (18.6%), comm multi (12.3%), homeowners (6.5%), fire (5.1%), fin guar/surety (1.1%), work comp (0.5%), other (55.8%)
Licensed in:
(No states)
Principal Investments:
Common stock (44.7%), investment grade bonds (34.5%), cash (18.1%), other (2.7%)
Corporate Info
Group Affiliation
McCarthy Partners Management LLC
Investment Rating
--
Company Address
6031 Connection Drive
Irving, TX 75039
Irving, TX 75039
Phone Number
(469) 357-9300
NAIC Number
16889
Website
Largest Affiliates