Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.9) with operating gains in each of the last five years. Return on equity has been fair, averaging 11.1% over the past five years. Fair overall results on stability tests (3.5) including excessive premium growth and weak results on operational trends. Strengths include potential support from affiliation with Verde Investments Inc.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
All states except AK, CA, CT, DC, HI, IA, ID, LA, MA, ME, MI, ND, NE, NH, NM, NY, RI, SD, VT, WI
Principal Investments:
Investment grade bonds (93.7%), non investment grade bonds (3.6%), cash (0.3%), other (2.4%)
Corporate Info
Group Affiliation
Verde Investments Inc
Investment Rating
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Company Address
5430 LBJ Freeway
Dallas, TX 75240
Dallas, TX 75240
Phone Number
(602) 730-7046
NAIC Number
33383
Website
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Largest Affiliates