Major Rating Factors:
Poor long-term capitalization index (2.1 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios). Vulnerable liquidity (1.6) as a spike in claims may stretch capacity. Fair reserve development (4.1) as the level of reserves has at times been insufficient to cover claims. In 2024 and 2023 the two year reserve development was 41.0% and 49.1% deficient respectively.
Other Rating Factors:
Fair profitability index (2.9) with operating losses during 2021, 2022 and 2023. Fair overall results on stability tests (4.3) including weak risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.5% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (66.4%), homeowners (33.6%)
Licensed in:
AZ
Principal Investments:
Cash (47.3%), real estate (14.0%), investment grade bonds (2.7%), other (36.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2500 North 24th Street
Phoenix, AZ 85008
Phoenix, AZ 85008
Phone Number
(877) 603-1310
NAIC Number
13930
Largest Affiliates
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