Major Rating Factors:
Poor long-term capitalization index (1.9 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 during the last year. A history of deficient reserves (2.1) that places pressure on both capital and profits. In 2023 the one year reserve development was 68.4% deficient. Vulnerable liquidity (0.6) as a spike in claims may stretch capacity.
Other Rating Factors:
Fair overall results on stability tests (3.0) including weak results on operational trends and weak risk adjusted capital in prior years. Excellent overall profitability index (6.9).
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 (46.4%), other (53.6%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Merfax Financial Group LLC
Investment Rating
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Company Address
13215 Bee Cave Parkway
Austin, TX 78738
Austin, TX 78738
Phone Number
(737) 615-4700
NAIC Number
29300
Website
Largest Affiliates