Major Rating Factors:
Poor long-term capitalization index (0.9 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range over the last two years. A history of deficient reserves (2.7) that places pressure on both capital and profits. In 2025 the one year reserve development was 73.5% deficient. Weak profitability index (2.2) with operating losses during 2022, 2024 and 2025.
Other Rating Factors:
Vulnerable liquidity (0.0) as a spike in claims may stretch capacity. Fair overall results on stability tests (3.8) including excessive premium growth, weak results on operational trends and weak risk adjusted capital in prior years.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
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:
Cash (22.9%), common stock (17.9%), investment grade bonds (1.3%), other (57.9%)
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