Major Rating Factors:
Weak overall results on stability tests (2.1 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2023. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.7) with operating losses during 2021, 2022, 2023 and the first nine months of 2024.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AZ, GA, IN, LA, MT, ND, NE, NM, NV, OH, RI, TX, WV
Principal Investments:
Cash (27.3%), investment grade bonds (12.6%), other (60.0%)
Corporate Info
Group Affiliation
Southlake Financial Holdings LLC
Investment Rating
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Company Address
1301 Solana Boulevard
Westlake, TX 76262
Westlake, TX 76262
Phone Number
(800) 373-2910
NAIC Number
17006
Website
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Largest Affiliates