Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2025 the one year reserve development was 15.5% deficient. Fair profitability index (3.6) with operating losses during 2021, 2022 and 2025. Fair overall results on stability tests (4.5) including fair risk adjusted capital in prior years.
Other Rating Factors:
Fair long-term capitalization index (3.9) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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:
Work comp (100.0%)
Licensed in:
All states except NY
Principal Investments:
Investment grade bonds (95.6%), cash (3.1%), non investment grade bonds (0.6%), other (0.6%)
Corporate Info
Group Affiliation
Gray Family
Investment Rating
--
Company Address
6907 North Capital of Texas Highway
Austin, TX 78731
Austin, TX 78731
Phone Number
(512) 637-3100
NAIC Number
39152
Website
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