E
New Century Ins Co
TempleTX
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: Poor long-term capitalization index (0.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the fair range over the last two years. Weak profitability index (0.2) with operating losses during each of the last five years and the first three months of 2025. Average return on equity over the last five years has been poor at -5.6%. Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years, weak results on operational trends and weak risk diversification.
Other Rating Factors: History of adequate reserve strength (6.6) as reserves have been consistently at an acceptable level. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business: Homeowners (100.0%)
Licensed in: TX
Principal Investments: Investment grade bonds (60.8%), cash (2.6%), other (36.6%)
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
RVOS Farm Mutual Ins Co
Investment Rating
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Company Address
2301 South 37th Street
Temple, TX 76504
Phone Number
(254) 773-2181
NAIC Number
11047
Largest Affiliates
E
Temple, TX - P&C
C
Temple, TX - P&C