Major Rating Factors:
Fair long-term capitalization index (4.5 on a scale of 0 to 10) based on weak current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Fair reserve development (4.3) as reserves have generally been sufficient to cover claims. Fair profitability index (4.3) with operating losses during 2022, 2023 and 2024.
Other Rating Factors:
Fair overall results on stability tests (3.5) including excessive premium growth, weak results on operational trends, lack of operational experience and fair risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.3% of capital. Good liquidity (6.4) 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 (79.6%), homeowners (5.1%), comm multi (4.1%), product liab. (0.5%), other (10.6%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (79.0%), cash (2.2%), other (18.8%)
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
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