Major Rating Factors:
Weak profitability index (2.9 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -7.7%. Fair reserve development (3.1) as the level of reserves has at times been insufficient to cover claims. In 2023 and 2024 the two year reserve development was 20.4% and 26.5% deficient respectively. Good long-term capitalization index (5.2) based on good current risk adjusted capital (severe and moderate loss scenarios) reflecting some improvement over results in 2024.
Other Rating Factors:
Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.1) despite negative cash flow from operations for 2024 and good risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (94.5%), other (5.5%)
Licensed in:
AZ, CO, GA, IL, IN, NC, NM, NV, OH, OR, PA, TX, WA
Principal Investments:
Investment grade bonds (80.1%), common stock (17.5%), cash (0.8%), non investment grade bonds (0.6%), other (1.0%)
Corporate Info
Group Affiliation
EP Loya Group LP
Investment Rating
--
Company Address
1800 Lee Trevino
El Paso, TX 79936
El Paso, TX 79936
Phone Number
(915) 590-5692
NAIC Number
11198
Website
Largest Affiliates