Major Rating Factors:
Fair profitability index (3.5 on a scale of 0 to 10) with operating losses during 2022 and 2023. Fair overall results on stability tests (4.1) including negative cash flow from operations for 2024. The largest net exposure for one risk is conservative at 1.5% of capital. History of adequate reserve strength (6.7) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (9.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AR, AZ, CA, CO, IA, ID, IL, IN, KY, ND, NE, OH, OR, SD, TN, WA, WI
Principal Investments:
Investment grade bonds (79.5%), cash (7.4%), common stock (0.7%), other (12.4%)
Corporate Info
Group Affiliation
Anchor Ins Holdings Inc
Investment Rating
--
Company Address
10089 Willow Creek Rd
San Diego, CA 92131
San Diego, CA 92131
Phone Number
(800) 542-6246
NAIC Number
29793
Largest Affiliates