Major Rating Factors:
Fair reserve development (4.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.2) including excessive premium growth and weak results on operational trends. Poor long-term capitalization index (2.0) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
Weak profitability index (2.6) with operating losses during 2020, 2022 and 2024. Vulnerable liquidity (2.6) as a spike in claims may stretch capacity.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
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:
All states except LA, also licensed in GU, MP, VI
Principal Investments:
Common stock (56.6%), cash (8.6%), investment grade bonds (8.1%), other (26.6%)
Corporate Info
Group Affiliation
Tesla Inc
Investment Rating
Company Address
12832 S. Frontrunner Blvd.
Draper, UT 84020
Draper, UT 84020
Phone Number
(510) 696-0257
NAIC Number
24813
Website
Largest Affiliates