Major Rating Factors:
Fair profitability index (3.4 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023 and the first nine months of 2024. Average return on equity over the last five years has been poor at -2.8%. Good overall results on stability tests (6.0) despite. Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Vulnerable liquidity (2.0) as a spike in claims may stretch capacity.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (98.0%), other (2.0%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (61.6%), common stock (11.9%), cash (1.7%), other (24.8%)
Corporate Info
Group Affiliation
Texas Farm Bureau
Investment Rating
--
Company Address
7420 Fish Pond Road
Waco, TX 76710
Waco, TX 76710
Phone Number
(254) 772-3030
NAIC Number
13004
Website
Largest Affiliates