Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10) with operating gains in each of the last five years. Return on equity has been fair, averaging 13.3% over the past five years. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (5.7) despite excessive premium growth.
Other Rating Factors:
Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except AK, DC
Principal Investments:
Investment grade bonds (81.3%), cash (12.4%), real estate (4.5%), other (1.8%)
Corporate Info
Group Affiliation
Sompo Holdings Inc
Investment Rating
--
Company Address
7101 82nd Street
Lubbock, TX 79424
Lubbock, TX 79424
Phone Number
(806) 473-0333
NAIC Number
12548
Website
Largest Affiliates