Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Fair overall results on stability tests (4.7) including excessive premium growth and weak results on operational trends. Good long-term capitalization index (5.5) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
Vulnerable liquidity (1.4) as a spike in claims may stretch capacity. Ample reserve history (8.1) that helps to protect the company against sharp claims increases.
Stability Factors:
G - Fast asset or premium growth.
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 (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