Just Insure Inc
Major Rating Factors:
Poor long-term capitalization index (0.3 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak overall results on stability tests (1.4) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2024. Fair reserve development (4.3) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair profitability index (3.0) with operating losses during 2020, 2021, 2022, 2023 and the first three months of 2025. Average return on equity over the last five years has been poor at -84.9%. Excellent liquidity (8.3) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AZ, NV
Principal Investments:
Cash (81.0%), investment grade bonds (17.2%), other (1.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1640 South Sepulveda Boulevard
Los Angeles, CA 90025
Los Angeles, CA 90025
Phone Number
(505) 587-8467
NAIC Number
16648
Website
Largest Affiliates
No affiliate information available.