Lexon Ins Co
Major Rating Factors:
Good overall profitability index (6.6 on a scale of 0 to 10) despite operating losses during 2022. Excellent expense controls. Fair reserve development (4.0) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (10.0) 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:
A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business:
Fin guar/surety (99.8%), other (0.2%)
Licensed in:
All states except NH, NY, also licensed in GU, MP
Principal Investments:
Investment grade bonds (86.5%), cash (12.3%), real estate (1.2%)
Corporate Info
Group Affiliation
Sompo Holdings Inc
Investment Rating
--
Company Address
12890 Lebanon Road
Mount Juliet, TN 37122
Mount Juliet, TN 37122
Phone Number
(615) 553-9500
NAIC Number
13307
Website
Largest Affiliates