Aspire General Ins Co
Major Rating Factors:
Fair long-term capitalization index (3.9 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2020. Fair overall results on stability tests (3.9) including weak results on operational trends and weak risk adjusted capital in prior years. History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (6.4) despite operating losses during 2022. Return on equity has been fair, averaging 7.7% over the past five years. Excellent liquidity (8.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AZ, CA, TX
Principal Investments:
Cash (46.6%), investment grade bonds (27.3%), other (26.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
8885 Haven Avenue
Rancho Cucamonga, CA 91730
Rancho Cucamonga, CA 91730
Phone Number
(916) 440-6567
NAIC Number
15290
Website
Largest Affiliates
No affiliate information available.