State National Insurance Company
State National Insurance Company
1900 L Don Dodson Drive
Bedford, TX 76021-8222
State National Insurance Company is a private insurance provider categorized under Fire, Marine, and Casualty Insurance and located in Bedford, TX. Established Incorporated in Texas, the company has been providing quality insurance products for over 20 years. It is licensed to do business in all U.S. states and in the District of Columbia. Lonnie Ledbetter is the company’s Chief Executive Officer, leading a workforce of approximately 175 employees.
State National Insurance Company is part of the State National Companies which operates all over the United States. State National Companies divide its business into two major areas: lender services, which focus on collateral protection insurance, and program services, which build a connection between unique market opportunities and reinsurance capacity. State National Companies was established in 1973. In 1984, State National Insurance Company was formed. The company obtained its third affiliate, National Specialty Insurance Company in 1999. State National Companies formed United Specialty Insurance Company in 2006, managing excess and surplus lines. At present, State National Companies writes over $600 million in premium and employs a staff of more than 350 at its headquarters in Bedford, Texas, with additional staff located nationwide.
State National and other company affiliates are rated “A” (Excellent), with a financial size category of VIII ($100 Million to $250 Million) and a Stable Outlook by A.M. Best, the insurance industry’s renowned, independent rating organization. The “A” rating has been preserved by State National since it was first eligible, affirming a strong capital structure and excellent operating performance. The rating also reflects the company’s consistent operating profitability, solid capitalization and adequate liquidity. Offsetting these positive rating factors is the company’s high gross underwriting leverage. The rating outlook is based on the expectation of continued generation of earnings over the near term.
As of December 31, 2009, the company has total assets of $184,807,568, capital of $3,500,000, and net surplus of $117,872,023. It has property and casualty premiums of $33,461,520 and national premium of $471,900,261.
The company writes insurance policies, including accident, air physical damage, aircraft liability, allied coverage’s, auto liability, auto physical damage, boiler and machinery, burglary and theft, credit, employers’ liability, fidelity and surety, fire, forgery, glass, hail, health, inland marine, livestock, ocean marine, pre-paid legal services, rain, reinsurance, and employment liability insurance policies.
Its licensing authority offers national access to property and casualty products, programs and markets by serving as a policy-issuing carrier for program managers and insurers nationwide. The company provides an extensive licensing authority and admittance to a national marketplace through numerous financially stable insurers. The company’s program services business model permits customers to handle their program in line with their personal business approach, while the company’s flexibility let clients embark on their new programs fast.
State National’s officers include Terry Ledbetter as President, Wyatt Douglas Blackburn as Secretary, and David Donaldson Hale as Treasurer. The company’s Board of Directors consist of Sharon Gay Kelley, Lonnie Kossuth Ledbetter III, David Donaldson Hale, Terry Lee Ledbetter, Lonnie Kossuth Ledbetter, Anita Kay Gaudin and Wyatt Douglas Blackburn.