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 overall results on stability tests (4.6) including excessive premium growth and negative cash flow from operations for 2023. Good profitability index (4.9) with small operating losses during 2023. Excellent expense controls. Return on equity has been low, averaging 0.6% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (99.5%), other (0.5%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (98.0%), other (2.0%)
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
Company Address
8711 Freeport Parkway
Irving, TX 75063
Irving, TX 75063
Phone Number
(847) 402-5000
NAIC Number
26530
Website
Largest Affiliates