C
Nevada General Ins Co
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Weak overall results on stability tests (2.6 on a scale of 0 to 10) including weak results on operational trends and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 8.4% of capital. Good overall profitability index (5.4) despite operating losses during 2020 and 2024. Return on equity has been low, averaging 3.7% over the past five years. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors: Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk. F - Negative cash flow. G - Fast asset or premium growth. R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (126.4%), work comp (32.7%), product liab. (11.8%)
Licensed in: AZ, CA, CO, ID, NM, NV, OR, UT
Principal Investments: Investment grade bonds (29.7%), other (70.3%)
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
Southlake Financial Holdings LLC
Investment Rating
--
Company Address
1301 Solana Boulevard
Westlake, TX 76262
Phone Number
(800) 373-2910
NAIC Number
10007
Largest Affiliates
C
Westlake, TX - P&C
C
Westlake, TX - P&C