Major Rating Factors:
Good overall results on stability tests (5.9 on a scale of 0 to 10) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with Evergreen Parent Gp LLC, good operational trends and excellent risk diversification. Fair reserve development (3.8) as reserves have generally been sufficient to cover claims. 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.
Other Rating Factors:
Excellent overall profitability index (6.9). Excellent expense controls. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Work comp (80.6%), personal/comm auto (17.1%), other (2.3%)
Licensed in:
All states except AK, HI
Principal Investments:
Investment grade bonds (98.6%), other (1.4%)
Corporate Info
Group Affiliation
Evergreen Parent Gp LLC
Investment Rating
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Company Address
4455 LBJ Freeway
Dallas, TX 75244
Dallas, TX 75244
Phone Number
(800) 777-2249
NAIC Number
19216
Website
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