Major Rating Factors:
Good overall results on stability tests (5.1 on a scale of 0 to 10) despite weak results on operational trends. Affiliation with State Farm Group is a strength. History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Excellent profitability (8.8) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 15.2%.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (92.2%), comm multi (6.1%), farmowners (1.6%), other (0.1%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (94.1%), other (5.9%)
Corporate Info
Group Affiliation
State Farm Group
Investment Rating
--
Company Address
1251 State Street Suite 1000
Richardson, TX 75082
Richardson, TX 75082
Phone Number
(414) 369-5033
NAIC Number
43419
Website
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