Major Rating Factors:
Weak overall results on stability tests (1.7 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 excessive at 7.7% of capital. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.8) with small operating losses during 2025.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Superior liquidity (9.3) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (96.4%), other (3.6%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (99.0%), cash (1.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
3102 Oak Lawn Ave.
Dallas, TX 75219
Dallas, TX 75219
Phone Number
(800) 438-1162
NAIC Number
17858
Website
Largest Affiliates
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