Garfield Casualty Co
Major Rating Factors:
Weak overall results on stability tests (1.3 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and lack of operational experience. The largest net exposure for one risk is conservative at 1.1% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.9).
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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
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:
Other (100%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (38.7%), cash (19.5%), common stock (16.1%), other (25.8%)
Corporate Info
Group Affiliation
Garfield Casualty Co
Investment Rating
--
Company Address
919 S. Panna Maria Avenue
Karnes City, TX 78118
Karnes City, TX 78118
Phone Number
(830) 780-2444
NAIC Number
17622
Website
Largest Affiliates