Major Rating Factors:
Fair profitability index (3.5 on a scale of 0 to 10) with operating losses during 2023, 2024 and 2025. Fair overall results on stability tests (3.1) including weak results on operational trends and negative cash flow from operations for 2025. The largest net exposure for one risk is high at 3.8% of capital. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (8.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (8.5) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
NV
Principal Investments:
Investment grade bonds (62.5%), cash (17.9%), common stock (14.8%), preferred stock (1.4%), other (3.3%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
605 Mill Street
Reno, NV 89502
Reno, NV 89502
Phone Number
(775) 322-3555
NAIC Number
19020
Website
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Largest Affiliates
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