Major Rating Factors:
Poor long-term capitalization index (2.7 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2023. Weak overall results on stability tests (2.0) including weak risk adjusted capital in prior years, weak results on operational trends and weak risk diversification. 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. Excellent liquidity (8.4) 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.
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.