Profile: Hilltop Holdings Inc (HTH.N)
9 Dec 2013
Hilltop Holdings Inc. (Hilltop) is a holding company. The Company also provides fire and homeowners insurance to low value dwellings and manufactured homes primarily in Texas and other areas of the south, southeastern and southwestern United States through its wholly owned property and casualty insurance holding company, NLASCO, Inc. (NLASCO). NLASCO operates through its two wholly owned subsidiaries, National Lloyds Insurance Company (NLIC) and American Summit Insurance Company (ASIC). NLASCO provides insurance products in the personal line and the commercial line markets. The personal lines include homeowners, dwelling fire, manufactured home, flood and vacant policies. The commercial lines include commercial, builders risk, builders risk renovation, sports liability and inland marine policies. On November 30, 2012, the Company acquired PlainsCapital Corp.
NLASCO, along with its subsidiaries, specialize in writing fire and homeowners insurance coverage for low value dwellings and manufactured homes. The majority of NLASCO’s property coverage is written on policies that provide actual cash value payments, as opposed to replacement cost. Under actual cash value policies, the insured is entitled to receive only the cost of replacing or repairing damaged or destroyed property with comparable new property, less depreciation. In addition, NLASCO's property policies exclude coverage for water and mold damage. NLASCO distributes its insurance products through a broad network of independent agents in 23 states.
The Company competes with Republic Companies Group, Inc., Columbia Lloyds, Foremost, American Modern Home Group and American Reliable.
Hilltop Holdings Inc
200 Crescent Court, Suite 1330
DALLAS TX 75201