Rating Date
June 2025
NAIC
Classification
Classification
Risk Adjusted
Capital Ratio #1
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Capital Ratio #2
Loss
Ratio
Ratio
Total
Assets
Assets
Capital
Net
Premiums
Premiums
Net
Income
Income
Major Rating Factors:
Fair reserve development (4.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.3) including fair risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.8% of capital. Good overall profitability index (5.7) despite operating losses during 2020. Excellent expense controls. Return on equity has been low, averaging 3.1% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
FL, TX
Principal Investments:
Investment grade bonds (75.8%), cash (16.6%), preferred stock (0.1%), other (7.4%)
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 Medical Liability Trust
Investment Rating
--
Company Address
901 South MoPac Expressway
Austin, TX 78746
Austin, TX 78746
Phone Number
(512) 425-5800
NAIC Number
11588
Website
Largest Affiliates