Major Rating Factors:
Weak profitability (1.8 on a scale of 0 to 10) with operating losses during the first nine months of 2024. Weak Liquidity (0.6) as a spike in claims or a run on policy withdrawals may stretch capacity. Weak overall results on stability tests (0.5) including weak results on operational trends, weak risk adjusted capital in prior years and negative cash flow from operations for 2023.
Other Rating Factors:
Fair capitalization (3.2) based on fair risk adjusted capital (severe loss scenario). Good quality investment portfolio (6.0).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
TX
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
--
Investments in Affiliates
Corporate Info
Group Affiliation
Texas Republic Capital Corporation
Investment Rating
--
Company Address
115 WILD BASIN ROAD STE 306
Austin, TX 78738
Austin, TX 78738
Phone Number
(512) 330-0099
NAIC Number
16006
Website
Largest Affiliates