Major Rating Factors:
Good long-term capitalization index (6.3 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.3) with operating losses during 2021, 2022, 2023 and the first six months of 2025. Average return on equity over the last five years has been poor at -2.5%.
Other Rating Factors:
Fair overall results on stability tests (4.7) including weak results on operational trends. Ample reserve history (8.1) that helps to protect the company against sharp claims increases.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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