Major Rating Factors:
Fair profitability index (2.9 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Fair overall results on stability tests (4.4) including weak results on operational trends and negative cash flow from operations for 2024. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (9.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (34.3%), homeowners (31.6%), farmowners (23.4%), fire (0.9%), other (9.8%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (56.2%), common stock (3.2%), cash (1.1%), other (39.5%)
Corporate Info
Group Affiliation
Texas Farm Bureau
Investment Rating
--
Company Address
7420 Fish Pond Road
Waco, TX 76710
Waco, TX 76710
Phone Number
(254) 772-3030
NAIC Number
25380
Website
Largest Affiliates