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 profitability index (5.1) with small operating losses during 2023. Excellent expense controls. Return on equity has been low, averaging 3.9% over the past five years. Good overall results on stability tests (6.6) despite excessive premium growth and negative cash flow from operations for 2023. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
AR, AZ, CA, CO, CT, KS, LA, MS, NM, NV, OK, TX, UT, WI
Principal Investments:
Common stock (69.7%), investment grade bonds (30.1%), non investment grade bonds (0.2%)
Corporate Info
Group Affiliation
Evergreen Parent Gp LLC
Investment Rating
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Company Address
4455 LBJ Freeway
Dallas, TX 75244
Dallas, TX 75244
Phone Number
(800) 777-2249
NAIC Number
24538
Website
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Largest Affiliates