Major Rating Factors:
Fair profitability index (3.6 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Fair liquidity (4.4) as cash resources may not be adequate to cover a spike in claims. Good long-term capitalization index (6.4) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
Good overall results on stability tests (6.5) despite excessive premium growth and fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (98.2%), other (1.8%)
Licensed in:
TX
Principal Investments:
Common stock (44.8%), investment grade bonds (43.7%), real estate (3.5%), cash (3.2%), preferred stock (0.7%), non investment grade bonds (0.3%), other (3.9%)
Corporate Info
Group Affiliation
Germania Farm Mutual Ins Association
Investment Rating
--
Company Address
507 Highway 290 East
Brenham, TX 77833
Brenham, TX 77833
Phone Number
(979) 836-5224
NAIC Number
29610
Website
Largest Affiliates