SWBC P&C Ins Co
Major Rating Factors:
Weak overall results on stability tests (2.8 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and lack of operational experience. The largest net exposure for one risk is conservative at 1.7% of capital. Good long-term capitalization index (6.8) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Fair reserve development (4.8) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Good overall profitability index (6.1) despite operating losses during 2022 and 2023. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
TX, UT
Principal Investments:
Cash (54.3%), investment grade bonds (31.5%), other (14.2%)
Corporate Info
Group Affiliation
Southwest Business Corporation
Investment Rating
--
Company Address
9311 San Pedro Avenue
San Antonio, TX 78216
San Antonio, TX 78216
Phone Number
(210) 321-7110
NAIC Number
17288
Website
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