Major Rating Factors:
Weak profitability index (2.8 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -9.3%. Weak overall results on stability tests (2.0) including weak risk diversification, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. Good long-term capitalization index (5.0) based on good current risk adjusted capital (severe and moderate loss scenarios) reflecting some improvement over results in 2024.
Other Rating Factors:
History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level. Superior liquidity (9.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
OK
Principal Investments:
Investment grade bonds (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
4501 East 31st Street
Tulsa, OK 74135
Tulsa, OK 74135
Phone Number
(918) 492-1446
NAIC Number
20430
Website
Largest Affiliates
No affiliate information available.