Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -2.5%. Fair overall results on stability tests (4.7) including weak results on operational trends. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024. Ample reserve history (8.1) that helps to protect the company against sharp claims increases.
Stability Factors:
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 (48.4%), homeowners (24.9%), farmowners (18.3%), fire (0.7%), other (7.7%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (56.1%), common stock (8.7%), cash (3.5%), other (31.8%)
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