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), although results have slipped from the excellent range over the last two years. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.9) including excessive premium growth. Strengths include potentially strong support from affiliation with Auto Club Exchange Group.
Other Rating Factors:
Excellent profitability index (8.7). Excellent expense controls. 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.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (87.9%), personal/comm auto (11.6%), other (0.4%)
Licensed in:
KY, OH, TX, WV
Principal Investments:
Investment grade bonds (92.8%), cash (6.0%), other (1.2%)
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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