Major Rating Factors:
Weak profitability index (2.9 on a scale of 0 to 10) with operating losses during 2022, 2023, 2024 and the first six months of 2025. Good long-term capitalization index (6.3) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Fair reserve development (4.1) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair overall results on stability tests (3.4) including 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 1.5% of capital. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
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.