Major Rating Factors:
Weak profitability index (2.6 on a scale of 0 to 10) with operating losses during 2019, 2020, 2021 and 2023. Weak overall results on stability tests (2.0) including weak results on operational trends and negative cash flow from operations for 2024. 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 (8.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (40.0%), other (60.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (96.6%), cash (1.4%), other (2.0%)
Corporate Info
Group Affiliation
Citizens Inc
Investment Rating
Company Address
11815 Alterra Parkway
Austin, TX 78758
Austin, TX 78758
Phone Number
(512) 837-7100
NAIC Number
10246
Largest Affiliates