B
Mid-Century Ins Co of TX
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Total
Assets
Capital
Net
Premiums
Net
Income
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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 overall profitability index (5.2). Excellent expense controls. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Good overall results on stability tests (6.2) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors:
Principal Lines of Business: Personal/comm auto (50.7%), homeowners (49.1%), other (0.2%)
Licensed in: TX
Principal Investments: Investment grade bonds (94.3%), cash (5.7%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
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Company Address
6301 Owensmouth Avenue
Woodland Hills, CA 91367
Phone Number
(818) 965-0433
NAIC Number
28673
Website
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Largest Affiliates
C
Woodland Hills, CA - P&C
A
Woodland Hills, CA - P&C
A
Woodland Hills, CA - P&C
B
Caledonia, MI - P&C
B
Woodland Hills, CA - P&C