Auto Club Indemnity Co
Major Rating Factors:
Good long-term capitalization index (5.2 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 during the last year. 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 (8.6) with operating gains in each of the last five years. Excellent expense controls. Vulnerable liquidity (1.4) as a spike in claims may stretch capacity.
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.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (85.9%), personal/comm auto (13.6%), other (0.5%)
Licensed in:
KY, OH, TX, WV
Principal Investments:
Investment grade bonds (90.3%), cash (8.9%), other (0.9%)
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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