Major Rating Factors:
Fair reserve development (4.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.6) including excessive premium growth, weak results on operational trends and lack of operational experience. Good overall profitability index (6.8) with small operating losses during 2024.
Other Rating Factors:
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. Excellent liquidity (8.9) with ample operational cash flow and liquid investments.
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 (31.7%), homeowners (1.1%), other (67.2%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (32.0%), common stock (7.9%), other (60.1%)
Corporate Info
Group Affiliation
Risk Theory LLC
Investment Rating
--
Company Address
14001 Dallas Pkwy
Dallas, TX 75240
Dallas, TX 75240
Phone Number
(844) 378-6560
NAIC Number
17565
Website
Largest Affiliates