Major Rating Factors:
Good overall profitability index (6.3 on a scale of 0 to 10) despite operating losses during 2021. Return on equity has been fair, averaging 6.6% over the past five years. Fair overall results on stability tests (4.4) including. Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021.
Other Rating Factors:
Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Superior liquidity (9.4) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (95.9%), other (4.1%)
Licensed in:
AL, AZ, FL, GA, IN, KY, LA, MO, NC, ND, NM, OK, SC, TN, TX, UT
Principal Investments:
Investment grade bonds (81.5%), cash (17.2%), other (1.3%)
Corporate Info
Group Affiliation
American Overseas Group Limited
Investment Rating
--
Company Address
14675 Dallas Parkway
Dallas, TX 75254
Dallas, TX 75254
Phone Number
(214) 561-1991
NAIC Number
11665
Largest Affiliates