California Cas & Fire Ins Co
Major Rating Factors:
A history of deficient reserves (2.1 on a scale of 0 to 10). Underreserving can have an adverse impact on capital and profits. In 2022 the one year reserve development was 16.0% deficient. Weak profitability index (2.4) with operating losses during 2021, 2022 and 2023. Fair overall results on stability tests (3.3) including excessive premium growth and weak risk adjusted capital in prior years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
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Licensed in:
AZ, CA, IA, IL, KS, KY, MO, NE, NJ, NM, NV, OH, OR, UT, WI, WY
Principal Investments:
Investment grade bonds (60.0%), other (40.0%)
Corporate Info
Group Affiliation
California Casualty Indemnity Exchange
Investment Rating
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Company Address
1650 Telstar Drive
Colorado Springs, CO 80920
Colorado Springs, CO 80920
Phone Number
(650) 574-4000
NAIC Number
27464
Website
Largest Affiliates