Major Rating Factors:
Weak overall results on stability tests (2.1 on a scale of 0 to 10) including weak results on operational trends and weak risk diversification. Fair profitability index (3.2) with operating losses during 2021, 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -5.1%. History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
OK, TX
Principal Investments:
Investment grade bonds (67.5%), cash (16.4%), common stock (16.1%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
907 East Grand Avenue
Marshall, TX 75670
Marshall, TX 75670
Phone Number
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NAIC Number
31810
Website
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Largest Affiliates
No affiliate information available.