Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. Superior liquidity (9.6) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.2). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. Fair profitability index (4.8) with small operating losses during 2024. Return on equity has been low, averaging 2.5% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.3%)
Licensed in:
All states except ND, NY, OH, WA, WY
Principal Investments:
Investment grade bonds (68.3%), common stock (8.2%), non investment grade bonds (2.2%), preferred stock (2.0%), cash (0.3%), other (19.0%)
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) 637-3104
NAIC Number
43389
Website
Largest Affiliates