Major Rating Factors:
Poor long-term capitalization index (0.8 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the fair range over the last two years. A history of deficient reserves (1.0) that places pressure on both capital and profits. In 2023 and 2024 the two year reserve development was 30.8% and 98.8% deficient respectively. Vulnerable liquidity (0.0) as a spike in claims may stretch capacity.
Other Rating Factors:
Fair overall results on stability tests (2.9) including weak risk adjusted capital in prior years and weak results on operational trends. Good overall profitability index (6.7). Excellent expense controls.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
L - Past results on our liquidity 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 (62.4%), other (37.6%)
Corporate Info
Group Affiliation
Merfax Financial Group LLC
Investment Rating
--
Company Address
13215 Bee Cave Parkway
Austin, TX 78738
Austin, TX 78738
Phone Number
(737) 615-4700
NAIC Number
29300
Website
Largest Affiliates