Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.8) with small operating losses during 2024. Fair overall results on stability tests (4.5) including lack of operational experience.
Other Rating Factors:
Good liquidity (6.4) 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). Moreover, capital levels have been consistent in recent years.
Stability Factors:
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 (14.3%), other (85.7%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (40.7%), other (59.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
14001 Dallas Parkway
Dallas, TX 75240
Dallas, TX 75240
Phone Number
(844) 378-6560
NAIC Number
17565
Website
Largest Affiliates
No affiliate information available.