Major Rating Factors:
Good long-term capitalization index (6.2 on a scale of 0 to 10) based on good current risk adjusted capital (moderate loss scenarios) reflecting significant improvement over results in 2020. Fair reserve development (3.7) as the level of reserves has at times been insufficient to cover claims. In 2021 and 2023 the two year reserve development was 18.9% and 20.2% deficient respectively. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.4) despite weak risk adjusted capital in prior years. Stability strengths include good operational trends and good risk diversification. Excellent profitability index (7.8) with small operating losses during 2021.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (34.4%), fin guar/surety (0.2%), other (65.4%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (59.7%), other (40.3%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
3535 Travis Street
Dallas, TX 75204
Dallas, TX 75204
Phone Number
(214) 443-5500
NAIC Number
32875
Website
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Largest Affiliates
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