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. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.5) with operating losses during 2021 and 2023. Return on equity has been low, averaging 3.6% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. Excellent overall results on stability tests (7.4). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Work comp (60.3%), personal/comm auto (12.2%), comm multi (11.7%), product liab. (1.2%), fire (0.5%), fin guar/surety (0.2%), other (14.0%)
Licensed in:
All states except FL
Principal Investments:
Investment grade bonds (89.7%), common stock (6.7%), non investment grade bonds (1.3%), other (2.3%)
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
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