Major Rating Factors:
Good long-term capitalization index (6.8 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Fair profitability index (3.2) with operating losses during 2021, 2022, 2023 and 2024. Fair overall results on stability tests (3.7) including weak results on operational trends and excessive premium growth. The largest net exposure for one risk is conservative at 1.7% of capital.
Other Rating Factors:
Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (9.2) 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:
Homeowners (41.5%), personal/comm auto (17.8%), fire (12.0%), work comp (3.1%), comm multi (1.9%), other (23.8%)
Licensed in:
All states except CA, NY
Principal Investments:
Investment grade bonds (73.0%), cash (18.7%), common stock (3.5%), other (4.8%)
Corporate Info
Group Affiliation
McCarthy Partners Management LLC
Investment Rating
--
Company Address
6031 Connection Drive
Irving, TX 75039
Irving, TX 75039
Phone Number
(469) 357-9300
NAIC Number
15474
Website
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