Major Rating Factors:
Poor long-term capitalization index (1.9 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios). Weak profitability index (0.6) with operating losses during 2022, 2023 and 2024. Vulnerable liquidity (2.7) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (2.4) including weak risk adjusted capital in prior years, excessive premium growth and weak risk diversification. The largest net exposure for one risk is conservative at 1.3% of capital. History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
Principal Lines of Business:
Homeowners (81.9%), fire (14.7%), other (3.4%)
Licensed in:
OK
Principal Investments:
Investment grade bonds (63.1%), common stock (18.5%), cash (15.1%), non investment grade bonds (2.5%), preferred stock (0.7%), real estate (0.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
217 West Oklahoma Avenue
Okarche, OK 73762
Okarche, OK 73762
Phone Number
(405) 263-7226
NAIC Number
28738
Website
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