Major Rating Factors:
Good long-term capitalization index (6.3 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2020. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair overall results on stability tests (4.4) including fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 6.5% of capital. Strengths include potentially strong support from affiliation with Auto-Owners Ins Group.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent profitability index (8.6).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Comm multi (73.7%), personal/comm auto (7.7%), homeowners (5.3%), fire (3.3%), farmowners (1.8%), other (8.2%)
Licensed in:
AZ, CA, ID, MT, NM, OR, WA
Principal Investments:
Investment grade bonds (68.6%), cash (24.9%), common stock (5.5%), non investment grade bonds (0.1%), other (0.9%)
Corporate Info
Group Affiliation
Auto-Owners Ins Group
Investment Rating
--
Company Address
One Lower Ragsdale Drive
Monterey, CA 93940
Monterey, CA 93940
Phone Number
(831) 233-5500
NAIC Number
23540
Website
Largest Affiliates