Major Rating Factors:
Good overall results on stability tests (5.3 on a scale of 0 to 10) despite. Stability strengths include good operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.3% of capital. Fair profitability index (3.8) with operating losses during 2023 and the first three months of 2025. Return on equity has been low, averaging 2.3% over the past five years. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
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
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