Major Rating Factors:
Strong long-term capitalization index (7.2 on a scale of 0 to 10) 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. Excellent liquidity (8.2) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (8.4). 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, 2023 and the first three months of 2025. Return on equity has been low, averaging 1.0% over the past five years.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
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