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 overall results on stability tests (3.9) including. The largest net exposure for one risk is conservative at 1.8% of capital. Good overall profitability index (5.4) despite operating losses during 2022 and 2023. Return on equity has been low, averaging 3.1% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (88.4%), homeowners (5.9%), fire (1.5%), other (4.3%)
Licensed in:
CA
Principal Investments:
Cash (37.5%), investment grade bonds (35.4%), common stock (27.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
650 San Benito Street
Hollister, CA 95023
Hollister, CA 95023
Phone Number
(800) 310-5824
NAIC Number
27480
Website
Largest Affiliates
No affiliate information available.