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 profitability index (4.9) with small operating losses during 2023. Excellent expense controls. Good overall results on stability tests (5.5) despite excessive premium growth and negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification.
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Homeowners (99.5%), other (0.5%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (96.7%), other (3.3%)
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