Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.8) including excessive premium growth. The largest net exposure for one risk is high at 4.1% of capital. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent profitability index (8.8) with small operating losses during 2021. Excellent expense controls. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (73.2%), comm multi (3.3%), fire (3.2%), farmowners (1.3%), other (18.9%)
Licensed in:
(No states)
Principal Investments:
Common stock (20.4%), investment grade bonds (7.1%), other (72.6%)
Corporate Info
Group Affiliation
Southlake Financial Holdings LLC
Investment Rating
--
Company Address
1301 Solana Boulevard
Westlake, TX 76262
Westlake, TX 76262
Phone Number
(800) 373-2910
NAIC Number
16999
Largest Affiliates