Major Rating Factors:
Good overall results on stability tests (5.2 on a scale of 0 to 10) despite. The largest net exposure for one risk is high at 3.2% of capital. Stability strengths include good operational trends and good risk diversification. Fair profitability index (4.2) with operating losses during 2023 and 2024. Return on equity has been low, averaging 2.9% over the past five years. Strong long-term capitalization index (8.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Superior liquidity (9.7) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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 (58.8%), cash (22.3%), common stock (13.1%), preferred stock (1.3%), other (4.5%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
605 Mill Street
Reno, NV 89502
Reno, NV 89502
Phone Number
(775) 322-3555
NAIC Number
19020
Website
--
Largest Affiliates
No affiliate information available.