Garfield Casualty Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.9). Fair overall results on stability tests (3.0) including excessive premium growth and lack of operational experience.
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 (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.
G - Fast asset or premium growth.
Principal Lines of Business:
Other (100%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (53.2%), common stock (17.4%), cash (2.8%), other (26.6%)
Corporate Info
Group Affiliation
Garfield Casualty Co
Investment Rating
--
Company Address
919 S. Panna Maria Avenue
Karnes City, TX 78118
Karnes City, TX 78118
Phone Number
(830) 780-2444
NAIC Number
17622
Website
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