Major Rating Factors:
Weak profitability index (2.3 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023 and the first nine months of 2024. Average return on equity over the last five years has been poor at -7.6%. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.7) despite negative cash flow from operations for 2023.
Other Rating Factors:
Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (33.5%), personal/comm auto (27.9%), farmowners (24.8%), fire (0.9%), other (12.9%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (76.9%), common stock (3.4%), other (19.7%)
Corporate Info
Group Affiliation
Texas Farm Bureau
Investment Rating
--
Company Address
7420 Fish Pond Road
Waco, TX 76710
Waco, TX 76710
Phone Number
(254) 772-3030
NAIC Number
25380
Website
Largest Affiliates