Major Rating Factors:
Weak overall results on stability tests (0.0 on a scale of 0 to 10) including weak risk adjusted capital in prior years, weak results on operational trends and weak risk diversification. The largest net exposure for one risk is excessive at 51.3% of capital. Good long-term capitalization index (6.2) based on good current risk adjusted capital (moderate loss scenarios) reflecting significant improvement over results in 2023. Fair reserve development (4.5) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Good overall profitability index (5.1) despite operating losses during 2023 and the first three months of 2025. Excellent liquidity (9.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (100.0%)
Licensed in:
TX
Principal Investments:
Cash (58.8%), investment grade bonds (38.6%), other (2.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
403 CR 200D
Burnet, TX 78611
Burnet, TX 78611
Phone Number
(979) 378-2021
NAIC Number
17584
Website
Largest Affiliates
No affiliate information available.