Texas insurance companies are “financially stable” despite the wildfires that continue to sweep through the state, according to a new analysis.

The Insurance Council of Texas said it expects the wildfires to cause more than $100 million in insured damage.

But the insurance companies listed in the Top 10 for Texas are all affiliated with “well-respected and financially stable groups,” according to Demotech, based in Columbus, Ohio.

State Farm Lloyd, the insurer with the most direct premiums written, has about 29% of the 2010 direct premium written for homeowners’ multi-peril in Texas.

The top 10 insurers in the state hold $3,810,283,722 of the total 2010 direct premiums written for homeowners’ multi-peril in Texas, which amounts to $5,857,220,938, Demotech reported.

“Hopefully consumers can take some solace that covered losses are backed by financially stable insurers who can honor meritorious claims,” according to Demotech’s statement.

The other top nine insurers are Allstate Texas Lloyds; Texas Farmers Insurance Co.; United Service Automobile Assn; USAA Texas Lloyds Co.; Farmers Insurance Exchange; Allstate Fire and Casualty Insurance Co.; Travelers Lloyds of Texas Insurance Co.; Nationwide Property & Casualty Insurance Co.; and SAFECO Insurance Co. of Indiana.

The wildfires in Texas so far consumed more than 34,000 acres of land, destroying more than 1,400 homes, and resulted in the death of at least two people.

Texas is having its driest year in recorded history, according to the National Climatic Data Center (NCDC).