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 (0.1) with operating losses during each of the last five years and the first six months of 2024. Average return on equity over the last five years has been poor at -60.5%. Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years, weak risk diversification and weak results on operational trends.
Other Rating Factors:
Fair reserve development (4.9) as the level of reserves has at times been insufficient to cover claims. In 2019 and 2023 the two year reserve development was 17.4% and 27.5% deficient respectively. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
Homeowners (66.2%), fire (2.8%), other (30.9%)
Licensed in:
TX
Principal Investments:
Cash (41.4%), other (58.6%)
Corporate Info
Group Affiliation
Texas Windstorm Ins Association
Investment Rating
--
Company Address
4801 Southwest Parkway
Austin, TX 78735
Austin, TX 78735
Phone Number
(512) 899-4900
NAIC Number
11543
Website
Largest Affiliates
