Major Rating Factors:
Weak overall results on stability tests (2.4 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 10.1% of capital. Fair profitability index (4.9) with operating losses during 2019 and 2022. Return on equity has been low, averaging 2.1% over the past five years. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (92.9%), other (7.1%)
Licensed in:
PA
Principal Investments:
Investment grade bonds (83.0%), cash (15.4%), non investment grade bonds (1.6%)
Corporate Info
Group Affiliation
Liberty Life Group Trust
Investment Rating
--
Company Address
1605 LBJ Freeway
Dallas, TX 75234
Dallas, TX 75234
Phone Number
(469) 522-4400
NAIC Number
16993
Website
Largest Affiliates