Major Rating Factors:
Fair profitability index (4.0 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023 and 2024. Good long-term capitalization index (6.1) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2024. Good overall results on stability tests (6.7) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.2% of capital.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Homeowners (30.1%), personal/comm auto (16.6%), work comp (10.2%), fire (8.6%), other (34.5%)
Licensed in:
All states except CA, NY
Principal Investments:
Investment grade bonds (75.2%), cash (12.0%), common stock (3.1%), other (9.7%)
Corporate Info
Group Affiliation
M-One Capital 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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