Major Rating Factors:
Fair reserve development (4.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Poor long-term capitalization index (0.0) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. Weak profitability index (2.6) with operating losses during 2020, 2022, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -13.0%.
Other Rating Factors:
Vulnerable liquidity (0.0) as a spike in claims may stretch capacity. Weak overall results on stability tests (2.1) including excessive premium growth, weak results on operational trends and weak risk diversification.
Stability Factors:
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
45500 Fremont Blvd.
Fremont, CA 94538
Fremont, CA 94538
Phone Number
(303) 862-2049
NAIC Number
24813
Website
Largest Affiliates