Most Texas home insurers profitable again

Stutz reports:

AUSTIN – Texas home insurers returned to profitability in 2009, as property claims were nearly half of those lodged as a result of Hurricane Ike the previous year.

New financial reports released Monday by the Texas Department of Insurance indicated that most companies had a solid year, if not a banner one, thanks to the lack of any major weather catastrophes across the state.

Here's an overview
HOW BIG HOME INSURERS FARED LAST YEAR IN TEXAS

Loss ratios of leading Texas home insurers for 2009, in order of the companies' market share:

1. State Farm Lloyds: 72.9 percent
2. Allstate Lloyds: 72.4 percent
3. Texas Farmers: 47.9 percent
4. USAA: 61.9 percent
5. Travelers Lloyds: 63.9 percent
6. USAA Lloyds: 62.4 percent
7. Allstate Fire and Casualty: 79.9 percent
8. Nationwide: 77.3 percent
9. Chubb: 58.3 percent
10. Fire Insurance Exchange: 62.3 percent
11. Texas Farm Bureau: 86.3 percent
12. Nationwide Lloyds: 72 percent
13. Statewide average: 67.3 percent

NOTE: Some companies use multiple subsidiaries to sell policies.

SOURCE: Texas Department of Insurance