Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including weak risk adjusted capital in prior years and weak risk diversification. Good long-term capitalization index (5.7) based on good current risk adjusted capital (moderate loss scenarios), although results have slipped from the fair range during the last year. Fair reserve development (4.8) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Good overall profitability index (5.2) despite operating losses during 2023. Excellent liquidity (7.8) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (100.0%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (54.7%), cash (44.4%), other (0.9%)
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
There are no affiliate to display.