Major Rating Factors:
Good long-term capitalization index (6.3 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios). Moreover, capital has steadily grown over the last five years. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.3) despite. The largest net exposure for one risk is high at 4.5% of capital. Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent profitability index (8.6).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Comm multi (55.3%), personal/comm auto (15.9%), homeowners (10.1%), farmowners (5.6%), fire (3.4%), other (9.7%)
Licensed in:
AZ, CA, ID, MT, NM, NV, OR, UT, WA
Principal Investments:
Investment grade bonds (69.3%), cash (25.1%), common stock (4.9%), other (0.7%)
Corporate Info
Group Affiliation
Auto-Owners Ins Group
Investment Rating
--
Company Address
One Lower Ragsdale Drive
Monterey, CA 93940
Monterey, CA 93940
Phone Number
(831) 233-5500
NAIC Number
12890
Website
Largest Affiliates