Major Rating Factors:
Fair reserve development (3.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8). Good overall results on stability tests (6.1) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with Mercury General Corporation, good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
CA
Principal Investments:
Investment grade bonds (68.9%), cash (3.0%), non investment grade bonds (0.8%), other (27.4%)
Corporate Info
Group Affiliation
Mercury General Corporation
Investment Rating
Company Address
555 West Imperial Highway
Brea, CA 92821
Brea, CA 92821
Phone Number
(800) 697-6117
NAIC Number
13250
Website
Largest Affiliates