Texas Hospital Ins Exchange
Major Rating Factors:
History of adequate reserve strength (5.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.1) despite. Stability strengths include excellent operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.7% of capital. Fair profitability index (4.7) with small operating losses during 2024.
Other Rating Factors:
Strong long-term capitalization index (8.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Med mal (50.1%), personal/comm auto (20.0%), work comp (19.3%), other (10.6%)
Licensed in:
AR, OK, TX
Principal Investments:
Investment grade bonds (70.1%), common stock (14.1%), real estate (6.2%), cash (4.4%), non investment grade bonds (2.2%), preferred stock (0.3%), other (2.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
4849 Williams Drive
Georgetown, TX 78633
Georgetown, TX 78633
Phone Number
(512) 451-5775
NAIC Number
32514
Website
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