Auto Club Indemnity Co
Major Rating Factors:
Good liquidity (6.4 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair long-term capitalization index (4.8) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. 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 (8.7) with operating gains in each of the last five years. 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.
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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