Major Rating Factors:
Fair profitability index (4.0 on a scale of 0 to 10) with operating losses during 2021 and 2022. Return on equity has been low, averaging 0.0% over the past five years. Fair overall results on stability tests (3.2) including fair risk adjusted capital in prior years. Good long-term capitalization index (5.4) based on good current risk adjusted capital (severe and moderate loss scenarios) reflecting some improvement over results in 2023.
Other Rating Factors:
History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Good liquidity (6.6) 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, UT
Principal Investments:
Investment grade bonds (80.6%), cash (3.3%), common stock (3.0%), other (13.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
12800 Center Court Drive
Cerritos, CA 90703
Cerritos, CA 90703
Phone Number
(562) 252-3434
NAIC Number
13127
Website
Largest Affiliates
No affiliate information available.