Major Rating Factors:
Fair profitability index (3.7 on a scale of 0 to 10) with operating losses during 2023 and 2024. Return on equity has been low, averaging 0.6% over the past five years. Weak overall results on stability tests (2.6) including weak results on operational trends and negative cash flow from operations for 2024. 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.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Superior liquidity (9.8) with ample operational cash flow and liquid investments.
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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (16.9%), other (83.1%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (47.0%), common stock (22.8%), cash (3.4%), other (26.7%)
Corporate Info
Group Affiliation
RVOS Farm Mutual Ins Co
Investment Rating
--
Company Address
2301 South 37th Street
Temple, TX 76504
Temple, TX 76504
Phone Number
(254) 773-2181
NAIC Number
36943
Website
Largest Affiliates