Major Rating Factors:
Fair reserve development (4.0 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.2) with operating losses during 2021, 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -5.1%. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent overall results on stability tests (7.0). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (63.4%), homeowners (31.4%), fire (2.2%), other (3.0%)
Licensed in:
ID, OR, WA
Principal Investments:
Investment grade bonds (71.6%), common stock (9.0%), real estate (6.9%), non investment grade bonds (1.2%), preferred stock (0.2%), cash (0.2%), other (10.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1300 Dexter Avenue North
Seattle, WA 98109
Seattle, WA 98109
Phone Number
(206) 628-4000
NAIC Number
24341
Website
Largest Affiliates
No affiliate information available.