Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Fair overall results on stability tests (3.2) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2025. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (53.1%), cash (39.8%), other (7.2%)
Corporate Info
Group Affiliation
First American Financial Corporation
Investment Rating
Company Address
4 First American Way
Santa Ana, CA 92707
Santa Ana, CA 92707
Phone Number
(714) 250-3372
NAIC Number
37710
Website
Largest Affiliates