SWBC P&C Ins Co
Major Rating Factors:
Fair reserve development (4.4 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2025 the one year reserve development was 15.3% deficient. Fair overall results on stability tests (3.1) including excessive premium growth, weak results on operational trends, lack of operational experience and fair risk adjusted capital in prior years. Fair long-term capitalization index (4.1) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent profitability index (7.3) despite operating losses during 2022 and 2023.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
AZ, FL, TN, TX, UT
Principal Investments:
Cash (52.1%), investment grade bonds (22.5%), common stock (9.7%), non investment grade bonds (1.6%), preferred stock (0.2%), other (13.8%)
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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