Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8) with operating gains in each of the last five years. Return on equity has been low, averaging 0.5% over the past five years. Fair overall results on stability tests (4.8) including excessive premium growth.
Other Rating Factors:
Strong long-term capitalization index (8.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (53.9%), farmowners (29.4%), homeowners (4.7%), fire (1.0%), other (11.0%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (98.1%), other (1.9%)
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
25399
Website
Largest Affiliates