Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.7) with operating losses during 2020. Average return on equity over the last five years has been poor at -0.6%. Fair overall results on stability tests (3.8) including negative cash flow from operations for 2024 and weak risk adjusted capital in prior years.
Other Rating Factors:
Strong long-term capitalization index (8.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2021. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (35.2%), cash (17.8%), other (47.0%)
Ratios
Premium to Surplus
Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Brookfield Wealth Solutions Ltd
Investment Rating
Company Address
One Moody Plaza
Galveston, TX 77550
Galveston, TX 77550
Phone Number
(409) 766-6619
NAIC Number
29319
Website
Largest Affiliates