Major Rating Factors:
Weak overall results on stability tests (2.8 on a scale of 0 to 10) including weak results on operational trends and lack of operational experience. The largest net exposure for one risk is excessive at 7.1% of capital. Fair reserve development (4.1) as reserves have generally been sufficient to cover claims. Fair profitability index (3.7) with operating losses during 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). Moreover, capital levels have been consistent in recent years. Superior liquidity (9.9) with ample operational cash flow and liquid investments.
Stability Factors:
E - Lack of operating experience.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (100.0%)
Licensed in:
LA, TX
Principal Investments:
Investment grade bonds (74.7%), cash (0.3%), other (25.0%)
Corporate Info
Group Affiliation
Iron Family Holdings LLC
Investment Rating
--
Company Address
Three Chasewood
Houston, TX 77070
Houston, TX 77070
Phone Number
(850) 364-1126
NAIC Number
17363
Website
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