Lexon Ins Co
Major Rating Factors:
Good overall profitability index (5.6 on a scale of 0 to 10) despite operating losses during 2022. Excellent expense controls. Return on equity has been fair, averaging 6.9% over the past five years. Good overall results on stability tests (5.8) despite excessive premium growth. Fair reserve development (4.0) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
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 (89.6%), cash (8.8%), real estate (1.4%), other (0.3%)
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