Garrison P&C Ins Co
Major Rating Factors:
Fair profitability index (4.2 on a scale of 0 to 10) with operating losses during 2022. Return on equity has been low, averaging 4.5% over the past five years. Fair liquidity (3.8) as cash resources may not be adequate to cover a spike in claims. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent overall results on stability tests (7.7). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (68.0%), homeowners (28.0%), fire (0.5%), other (3.5%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (60.1%), common stock (17.6%), non investment grade bonds (1.1%), other (21.2%)
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
21253
Website
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