Major Rating Factors:
Strong long-term capitalization index (8.8 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.9). Stability strengths include good operational trends and excellent risk diversification. Good overall profitability index (6.8) with operating gains in each of the last five years. Return on equity has been low, averaging 4.0% over the past five years.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
CA
Principal Investments:
Investment grade bonds (93.2%), common stock (4.0%), real estate (1.1%), cash (0.9%), preferred stock (0.2%), other (0.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1010 Vaquero Circle
Vacaville, CA 95688
Vacaville, CA 95688
Phone Number
(888) 782-8338
NAIC Number
35076
Website
Largest Affiliates
No affiliate information available.