Major Rating Factors:
Weak overall results on stability tests (2.6 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 12.0% of capital. Good overall profitability index (6.9) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 11.9%. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020.
Other Rating Factors:
Ample reserve history (9.5) that helps to protect the company against sharp claims increases. Excellent liquidity (8.6) 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.
T - Significant trends in critical asset, liability, income or expense items.
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 (47.0%), investment grade bonds (43.4%), common stock (1.3%), other (8.3%)
Ratios
Premium to Surplus
Reserve to Surplus
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
None
Investment Rating
--
Company Address
3131 Eastside Street
Houston, TX 77098
Houston, TX 77098
Phone Number
(877) 737-2245
NAIC Number
35009
Website
Largest Affiliates
No affiliate information available.