Major Rating Factors:
Poor long-term capitalization index (1.6 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.1) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 37.0% and 124.9% deficient. Fair profitability index (2.9) with operating losses during each of the last five years and the first six months of 2025. Average return on equity over the last five years has been poor at -48.7%.
Other Rating Factors:
Good overall results on stability tests (5.9) despite weak risk adjusted capital in prior years and negative cash flow from operations for 2024. Stability strengths include good operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.7% of capital. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (97.5%), other (2.5%)
Licensed in:
AZ, CA, CO, ID, KS, ME, MT, NV, OK, OR, TX, UT, WA, WY
Principal Investments:
Investment grade bonds (99.8%), other (0.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
4545 Murphy Canyon Road
San Diego, CA 92123
San Diego, CA 92123
Phone Number
(619) 876-4355
NAIC Number
14133
Website
Largest Affiliates
No affiliate information available.