Major Rating Factors:
Good long-term capitalization index (6.6 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios). However, capital levels have fluctuated somewhat during past years. History of adequate reserve strength (6.5) as reserves have been consistently at an acceptable level. Good overall profitability index (5.2) despite operating losses during 2022 and 2023.
Other Rating Factors:
Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.0) despite excessive premium growth. Stability strengths include good historical capital adequacy and excellent risk diversification.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
G - Fast asset or premium growth.
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 (20.5%), homeowners (15.6%), work comp (13.5%), fire (7.8%), comm multi (5.0%), fin guar/surety (1.5%), other (36.1%)
Licensed in:
All states except AK, AL, DE, FL, HI, MA, MD, ME, MO, NH, PA, VA, VT, WV, WY
Principal Investments:
Investment grade bonds (92.8%), cash (4.4%), non investment grade bonds (1.3%), other (1.5%)
Corporate Info
Group Affiliation
Allianz SE
Investment Rating
Company Address
1465 North McDowell Boulevard
Petaluma, CA 94954
Petaluma, CA 94954
Phone Number
(415) 899-2237
NAIC Number
21911
Website
Largest Affiliates