Major Rating Factors:
Fair profitability index (4.0 on a scale of 0 to 10) with operating losses during 2021 and 2022. Fair overall results on stability tests (3.3) including fair risk adjusted capital in prior years. Good long-term capitalization index (6.4) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant 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 (5.2) 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.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
CA, FL, UT
Principal Investments:
Investment grade bonds (86.7%), common stock (5.7%), cash (0.5%), other (7.1%)
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
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