Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with small operating losses during 2022. Excellent expense controls. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020.
Other Rating Factors:
Superior liquidity (9.4) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (6.9) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with American Financial Group Inc, good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
All states except CT, MA, MN, ND, NH, NJ, NY, PA, VT, WY
Principal Investments:
Investment grade bonds (63.5%), common stock (19.2%), non investment grade bonds (0.7%), other (16.6%)
Corporate Info
Group Affiliation
American Financial Group Inc
Investment Rating
Company Address
4500 Park Granada Boulevard
Calabasas, CA 91302
Calabasas, CA 91302
Phone Number
(818) 990-9860
NAIC Number
22179
Website
Largest Affiliates