Major Rating Factors:
Poor long-term capitalization index (0.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak profitability index (0.4) with operating losses during 2019, 2020, 2021 and 2022.
Other Rating Factors:
Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years, weak results on operational trends and weak risk diversification. The largest net exposure for one risk is excessive at 120.8% of capital. History of adequate reserve strength (5.0) as reserves have been consistently at an acceptable level. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (62.5%), fire (3.5%), other (34.0%)
Licensed in:
TX
Principal Investments:
Cash (65.3%), other (34.7%)
Corporate Info
Group Affiliation
Texas Windstorm Ins Assoc
Investment Rating
--
Company Address
5700 S Mopac Bldg A
Austin, TX 78749
Austin, TX 78749
Phone Number
(512) 899-4988
NAIC Number
11543
Website
Largest Affiliates
No affiliate information available.
