Major Rating Factors:
A history of deficient reserves (2.3 on a scale of 0 to 10). Underreserving can have an adverse impact on capital and profits. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 38.0% and 75.3%. Fair profitability index (3.0) with operating losses during 2022 and 2023. Fair overall results on stability tests (4.0) including excessive premium growth.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (24.1%), other (75.9%)
Licensed in:
OK
Principal Investments:
Investment grade bonds (59.9%), cash (20.8%), other (19.2%)
Corporate Info
Group Affiliation
Hallmark Financial Services Inc
Investment Rating
--
Company Address
Two Lincoln Centre
Dallas, TX 75240
Dallas, TX 75240
Phone Number
(817) 348-1600
NAIC Number
26808
Website
Largest Affiliates