Major Rating Factors:
Fair profitability index (3.7 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -1.6%. Fair overall results on stability tests (3.8) including weak results on operational trends and negative cash flow from operations for 2024. The largest net exposure for one risk is conservative at 1.4% of capital. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (57.2%), homeowners (24.3%), work comp (4.5%), fire (1.6%), comm multi (0.8%), other (11.7%)
Licensed in:
All states except LA, NY
Principal Investments:
Common stock (53.6%), investment grade bonds (24.8%), cash (19.1%), other (2.5%)
Corporate Info
Group Affiliation
McCarthy Partners Management LLC
Investment Rating
--
Company Address
6031 Connection Drive
Irving, TX 75039
Irving, TX 75039
Phone Number
(469) 357-9300
NAIC Number
19623
Website
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