Major Rating Factors:
Poor long-term capitalization index (0.2 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.5) including weak risk adjusted capital in prior years and negative cash flow from operations for 2024.
Other Rating Factors:
Excellent overall profitability index (6.9). Excellent liquidity (8.7) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (93.9%), other (6.1%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (75.2%), cash (24.8%)
Corporate Info
Group Affiliation
American Overseas Group Limited
Investment Rating
--
Company Address
14675 Dallas Parkway
Dallas, TX 75254
Dallas, TX 75254
Phone Number
(214) 561-1991
NAIC Number
29378
Website
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