Major Rating Factors:
Fair reserve development (3.4 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the one year reserve development was 29.1% deficient. Fair profitability index (4.4) with operating losses during 2022 and 2023. Return on equity has been low, averaging 4.1% over the past five years. Weak overall results on stability tests (2.8) including weak risk diversification.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. 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:
Personal/comm auto (100.0%)
Licensed in:
CA, FL
Principal Investments:
Investment grade bonds (85.9%), cash (14.1%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
1403 North Tustin Avenue
Santa Ana, CA 92705
Santa Ana, CA 92705
Phone Number
(949) 851-6362
NAIC Number
12878
Website
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Largest Affiliates
No affiliate information available.