Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.5) with operating gains in each of the last five years. Return on equity has been fair, averaging 13.8% over the past five years. Strong long-term capitalization index (8.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.2). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except AK, DC
Principal Investments:
Investment grade bonds (66.4%), cash (26.1%), real estate (3.5%), other (4.0%)
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