Bridge City Ins Co
Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.2) despite negative cash flow from operations for 2023. The largest net exposure for one risk is acceptable at 2.2% of capital. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Excellent profitability index (8.9) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 10.0%.
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
AL, FL, GA, ID, IL, IN, KS, KY, MD, MI, MO, MS, NC, NJ, NM, NV, OR, PA, SC, TX, UT, VA, WA, WV
Principal Investments:
Investment grade bonds (77.9%), common stock (10.3%), non investment grade bonds (7.0%), other (4.8%)
Corporate Info
Group Affiliation
Highmark Health
Investment Rating
--
Company Address
120 Fifth Avenue
Pittsburgh, PA 15222
Pittsburgh, PA 15222
Phone Number
(800) 328-5433
NAIC Number
35599
Website
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