Major Rating Factors:
Good liquidity (6.5 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 (5.4) despite excessive premium growth. Stability strengths include good operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.2% of capital. Fair profitability index (3.8) with operating losses during 2023.
Other Rating Factors:
Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.2) that helps to protect the company against sharp claims increases.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (38.5%), comm multi (34.9%), fin guar/surety (8.3%), fire (5.1%), other (13.2%)
Licensed in:
AR, AZ, KS, LA, NM, NV, OK, TX, UT
Principal Investments:
Investment grade bonds (55.1%), common stock (40.6%), non investment grade bonds (3.0%), cash (1.1%), other (0.2%)
Corporate Info
Group Affiliation
Chase Family Ltd
Investment Rating
--
Company Address
225 South Fifth Street
Waco, TX 76701
Waco, TX 76701
Phone Number
(254) 759-3700
NAIC Number
43273
Website
Largest Affiliates