Major Rating Factors:
Fair reserve development (4.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2022 the two year reserve development was 22.4% deficient. Weak profitability index (2.8) with operating losses during 2024. Good long-term capitalization index (5.9) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2020.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Personal/comm auto (52.3%), work comp (13.7%), fire (0.5%), other (33.5%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (75.5%), common stock (8.2%), cash (5.6%), non investment grade bonds (0.4%), other (10.2%)
Corporate Info
Group Affiliation
Skyward Specialty Ins Group Inc
Investment Rating
Company Address
800 Gessner
Houston, TX 77024
Houston, TX 77024
Phone Number
(713) 935-4800
NAIC Number
35408
Website
Largest Affiliates