Major Rating Factors:
Fair long-term capitalization index (4.6 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.8) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.0% of capital.
Other Rating Factors:
Weak profitability index (2.3) with operating losses during 2020 and 2024. Return on equity has been low, averaging 0.1% over the past five years. Excellent liquidity (8.4) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (52.9%), work comp (14.0%), fire (0.5%), other (32.6%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (46.2%), common stock (23.2%), cash (6.5%), non investment grade bonds (0.7%), other (23.4%)
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