Major Rating Factors:
Fair reserve development (4.4 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In 2022 and 2021 the two year reserve development was 16.7% and 21.5% deficient respectively. Fair profitability index (4.2) with operating losses during 2022. Good overall results on stability tests (5.0) including excessive premium growth, negative cash flow from operations for 2025 and fair risk adjusted capital in prior years.
Other Rating Factors:
Strong long-term capitalization index (9.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (15.8%), other (84.2%)
Licensed in:
All states except CO, CT, DC, ME, VA, VT
Principal Investments:
Common stock (33.1%), investment grade bonds (27.1%), other (39.8%)
Corporate Info
Group Affiliation
Hallmark Financial Services Inc
Investment Rating
--
Company Address
5400 Lyndon B. Johnson Freeway
Dallas, TX 75240
Dallas, TX 75240
Phone Number
(817) 348-1600
NAIC Number
34037
Website
Largest Affiliates