Major Rating Factors:
Good overall profitability index (5.7 on a scale of 0 to 10) despite operating losses during 2019. Excellent expense controls. Average return on equity over the last five years has been poor at -1.8%. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.6) including excessive premium growth and weak results on operational trends.
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:
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:
Personal/comm auto (96.1%), homeowners (3.9%)
Licensed in:
CA, ID, KS, OR, TX
Principal Investments:
Cash (99.1%), investment grade bonds (0.9%)
Corporate Info
Group Affiliation
Merfax Financial Group LLC
Investment Rating
--
Company Address
13215 Bee Cave Parkway
Austin, TX 78738
Austin, TX 78738
Phone Number
(737) 615-4700
NAIC Number
19269
Website
Largest Affiliates