Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (5.6) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. 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.
Other Rating Factors:
Excellent profitability index (8.9). Excellent expense controls. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (92.1%), homeowners (5.9%), fire (1.3%), comm multi (0.3%), other (0.4%)
Licensed in:
All states except AK, AL, CT, DE, HI, IA, IL, MD, ME, MN, NJ, NY, OH, PA, RI, SC, SD, VA, VT
Principal Investments:
Cash (85.4%), investment grade bonds (13.9%), other (0.7%)
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