Major Rating Factors:
Good liquidity (6.5 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent overall results on stability tests (8.1). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. Fair profitability index (4.4) with operating losses during 2021 and 2023.
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
Principal Lines of Business:
Work comp (58.2%), personal/comm auto (13.0%), comm multi (10.6%), product liab. (1.7%), fire (0.5%), fin guar/surety (0.3%), homeowners (0.1%), other (15.5%)
Licensed in:
All states except FL
Principal Investments:
Investment grade bonds (92.4%), common stock (6.6%), non investment grade bonds (0.4%), other (0.5%)
Corporate Info
Group Affiliation
Evergreen Parent Gp LLC
Investment Rating
--
Company Address
4455 LBJ Freeway
Dallas, TX 75244
Dallas, TX 75244
Phone Number
(800) 777-2249
NAIC Number
19879
Website
Largest Affiliates