USAA Falcon Ppty & Cas Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.7) with operating losses during 2024 and 2025. Good overall results on stability tests (5.7) despite excessive premium growth, negative cash flow from operations for 2025 and lack of operational experience. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.7) 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.
F - Negative cash flow.
Principal Lines of Business:
Homeowners (68.8%), fire (2.6%), other (28.6%)
Licensed in:
AZ, CO, LA, MO, NV, OH, TN, TX, UT, WI
Principal Investments:
Investment grade bonds (60.5%), cash (10.5%), other (29.0%)
Corporate Info
Group Affiliation
United Services Automobile Association
Investment Rating
--
Company Address
9800 Fredericksburg Road
San Antonio, TX 78288
San Antonio, TX 78288
Phone Number
(210) 414-8982
NAIC Number
17674
Website
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