Mid-Century Ins Co of TX
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (6.3) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Vulnerable liquidity (2.8) as a spike in claims may stretch capacity.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent profitability index (8.3). Excellent expense controls.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Homeowners (55.4%), personal/comm auto (44.4%), other (0.2%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (98.3%), cash (1.7%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
6301 Owensmouth Avenue
Woodland Hills, CA 91367
Woodland Hills, CA 91367
Phone Number
(818) 965-0263
NAIC Number
28673
Website
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