Major Rating Factors:
History of adequate reserve strength (5.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.3). Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.8) with operating losses during 2020 and 2021. Return on equity has been low, averaging 0.1% over the past five years.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (42.1%), other (57.9%)
Licensed in:
All states
Principal Investments:
Common stock (56.4%), investment grade bonds (26.7%), cash (1.7%), non investment grade bonds (0.2%), other (14.9%)
Corporate Info
Group Affiliation
Skyward Specialty Ins Group Inc
Investment Rating
Company Address
800 Gessner
Houston, TX 77024
Houston, TX 77024
Phone Number
(713) 935-4800
NAIC Number
18694
Website
Largest Affiliates