Bus Alliance Ins Co
Major Rating Factors:
Fair reserve development (3.1 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In 2024 the two year reserve development was 33.9% deficient. Fair profitability index (4.4) with operating gains in each of the last five years. Return on equity has been low, averaging 3.0% over the past five years. Fair overall results on stability tests (3.4) including.
Other Rating Factors:
Good long-term capitalization index (6.4) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (87.3%), fin guar/surety (12.7%)
Licensed in:
CA
Principal Investments:
Common stock (52.6%), investment grade bonds (38.9%), cash (6.9%), other (1.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
400 Oyster Point Boulevard
South San Francisco, CA 94080
South San Francisco, CA 94080
Phone Number
(650) 866-3999
NAIC Number
10830
Website
Largest Affiliates
No affiliate information available.