Auto Club Indemnity Co
Major Rating Factors:
Good long-term capitalization index (5.3 on a scale of 0 to 10) based on good current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent over the last several years. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair overall results on stability tests (4.0) including excessive premium growth. Strengths include potentially strong support from affiliation with Auto Club Exchange Group. Excellent profitability index (8.8). Excellent expense controls.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (89.7%), personal/comm auto (9.9%), other (0.4%)
Licensed in:
KY, OH, TX, WV
Principal Investments:
Investment grade bonds (69.9%), cash (2.0%), other (28.1%)
Corporate Info
Group Affiliation
Auto Club Exchange Group
Investment Rating
--
Company Address
3333 Fairview Road
Costa Mesa, CA 92626
Costa Mesa, CA 92626
Phone Number
(714) 850-5111
NAIC Number
11008
Website
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