Major Rating Factors:
Poor long-term capitalization index (2.5 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios). Weak profitability index (1.6) with operating losses during 2025. Vulnerable liquidity (0.7) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (2.5) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2025. The largest net exposure for one risk is conservative at 1.6% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Stability Factors:
E - Lack of operating experience.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (69.8%), fire (17.6%), other (12.6%)
Licensed in:
AZ, GA, OH, OK, TN, TX
Principal Investments:
Cash (48.9%), investment grade bonds (48.4%), other (2.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
325 N. St. Paul Stret
Dallas, TX 75201
Dallas, TX 75201
Phone Number
(469) 530-0500
NAIC Number
17758
Website
Largest Affiliates
No affiliate information available.