Major Rating Factors:
Weak overall results on stability tests (2.7 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 11.6% of capital. Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Ample reserve history (9.5) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (7.3). Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
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:
Fin guar/surety (100.0%)
Licensed in:
All states except AK, AR, DC, HI, IL, KY, MA, ME, NE, NH, NM, OR, RI, WI
Principal Investments:
Cash (49.3%), investment grade bonds (41.5%), common stock (1.3%), other (7.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2500 City West Blvd
Houston, TX 77042
Houston, TX 77042
Phone Number
(877) 737-2245
NAIC Number
35009
Website
Largest Affiliates
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