Major Rating Factors:
Fair reserve development (4.3 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.4) with operating losses during 2021, 2022, 2023 and 2024. Fair overall results on stability tests (3.8) including excessive premium growth, negative cash flow from operations for 2025 and lack of operational experience.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (89.3%), fire (2.6%), comm multi (1.3%), farmowners (1.1%), other (5.7%)
Licensed in:
AZ, GA, IN, LA, MT, ND, NE, NM, NV, OH, OR, RI, TX, WV
Principal Investments:
Investment grade bonds (65.6%), other (34.4%)
Corporate Info
Group Affiliation
Southlake Financial Holdings LLC
Investment Rating
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Company Address
1301 Solana Boulevard
Westlake, TX 76262
Westlake, TX 76262
Phone Number
(800) 373-2910
NAIC Number
17006
Website
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Largest Affiliates