Major Rating Factors:
Fair overall results on stability tests (4.4 on a scale of 0 to 10) including weak results on operational trends and negative cash flow from operations for 2024. Weak profitability index (2.8) with operating losses during 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -8.0%. Strong long-term capitalization index (9.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (34.3%), homeowners (31.6%), farmowners (23.4%), fire (0.9%), other (9.8%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (56.2%), common stock (3.2%), cash (1.1%), other (39.5%)
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