Major Rating Factors:
Fair reserve development (4.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair long-term capitalization index (4.5) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Good overall profitability index (5.6) despite operating losses during 2023. Return on equity has been good over the last five years, averaging 11.6%.
Other Rating Factors:
Good overall results on stability tests (5.5) despite fair risk adjusted capital in prior years. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (31.3%), work comp (6.2%), comm multi (4.3%), personal/comm auto (2.6%), homeowners (2.2%), product liab. (1.3%), med mal (1.2%), fire (0.7%), farmowners (0.2%), other (49.9%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (79.7%), common stock (18.5%), cash (0.6%), other (1.2%)
Corporate Info
Group Affiliation
Markel Group Inc
Investment Rating
Company Address
2103 CityWest Boulevard
Houston, TX 77042
Houston, TX 77042
Phone Number
(713) 812-0800
NAIC Number
10916
Website
Largest Affiliates