New Mexico Security Ins Co
Major Rating Factors:
Weak profitability index (2.4 on a scale of 0 to 10) with operating losses during each of the last five years and the first three months of 2025. Average return on equity over the last five years has been poor at -25.1%. Weak overall results on stability tests (2.0) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2024. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair long-term capitalization index (3.7) based on fair current risk adjusted capital (severe loss scenarios). Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
NM
Principal Investments:
Investment grade bonds (78.8%), cash (20.2%), other (1.0%)
Corporate Info
Group Affiliation
New Mexico Mutual Casualty Co
Investment Rating
--
Company Address
5201 Balloon Fiesta Parkway, NE
Albuquerque, NM 87113
Albuquerque, NM 87113
Phone Number
(505) 345-7260
NAIC Number
15349
Website
Largest Affiliates