Major Rating Factors:
Poor long-term capitalization index (0.5 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios). Weak profitability index (0.5) with operating losses during 2021, 2022, 2023 and 2024. Weak overall results on stability tests (2.4) including weak risk adjusted capital in prior years, weak results on operational trends and excessive premium growth. The largest net exposure for one risk is acceptable at 2.3% of capital.
Other Rating Factors:
Fair reserve development (5.0) as the level of reserves has at times been insufficient to cover claims. In 2024 and 2022 the one year reserve development was 15.5% and 35.2% deficient respectively. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
Principal Lines of Business:
Homeowners (73.3%), fire (3.0%), other (23.7%)
Licensed in:
TX
Principal Investments:
Cash (18.8%), other (81.2%)
Corporate Info
Group Affiliation
Texas Windstorm Ins Association
Investment Rating
--
Company Address
4801 Southwest Parkway
Austin, TX 78735
Austin, TX 78735
Phone Number
(512) 899-4900
NAIC Number
11543
Website
Largest Affiliates