Major Rating Factors:
Fair long-term capitalization index (4.8 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2023. Fair profitability index (4.5) with operating gains in each of the last five years. Return on equity has been fair, averaging 8.0% over the past five years. Fair overall results on stability tests (4.6) including weak risk adjusted capital in prior years.
Other Rating Factors:
History of adequate reserve strength (6.2) as reserves have been consistently at an acceptable level. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
TX
Principal Investments:
Cash (75.6%), investment grade bonds (20.9%), other (3.5%)
Corporate Info
Group Affiliation
Home State Ins Group Inc
Investment Rating
--
Company Address
4315 Lake Shore Drive
Waco, TX 76710
Waco, TX 76710
Phone Number
(254) 776-4521
NAIC Number
29297
Website
Largest Affiliates