Major Rating Factors:
Weak profitability index (2.9 on a scale of 0 to 10) with operating losses during 2022, 2023 and 2024. Fair reserve development (4.1) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.5) including excessive premium growth, weak results on operational trends and lack of operational experience.
Other Rating Factors:
Fair long-term capitalization index (4.3) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
Personal/comm auto (68.1%), homeowners (7.8%), comm multi (5.7%), product liab. (0.6%), other (17.7%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (78.7%), cash (2.4%), other (18.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1717 Main Street
Dallas, TX 75201
Dallas, TX 75201
Phone Number
(214) 329-9374
NAIC Number
17091
Website
Largest Affiliates
No affiliate information available.