E
TEXAS FAIR PLAN ASSN
AustinTX
Rating Date
December 2023
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). Weak profitability index (0.4) with operating losses during 2019, 2020, 2021 and 2022.
Other Rating Factors: 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. The largest net exposure for one risk is excessive at 120.8% of capital. History of adequate reserve strength (5.0) as reserves have been consistently at an acceptable level. Excellent liquidity (7.1) 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. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (62.5%), fire (3.5%), other (34.0%)
Licensed in: TX
Principal Investments: Cash (65.3%), other (34.7%)
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
Corporate Info
Group Affiliation
Texas Windstorm Ins Assoc
Investment Rating
--
Company Address
5700 S Mopac Bldg A
Austin, TX 78749
Phone Number
(414) 369-5033
NAIC Number
11543
Largest Affiliates
No affiliate information available.
Weiss Ratings