Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with operating losses during 2023. Good overall results on stability tests (6.9) despite. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Superior liquidity (9.6) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Work comp (51.6%), homeowners (12.8%), comm multi (6.7%), personal/comm auto (4.1%), fin guar/surety (0.3%), other (24.5%)
Licensed in:
NV, NY
Principal Investments:
Investment grade bonds (98.7%), cash (1.3%)
Corporate Info
Group Affiliation
Ernest Rady Trust
Investment Rating
--
Company Address
15025 Innovation Drive
San Diego, CA 92128
San Diego, CA 92128
Phone Number
(858) 350-2400
NAIC Number
16387
Website
Largest Affiliates