CSAA General Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.6) including excessive premium growth and weak results on operational trends. Good profitability index (5.0) with small operating losses during 2024. Excellent expense controls. Return on equity has been low, averaging 1.8% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.7) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (64.7%), homeowners (31.6%), fire (1.9%), other (1.8%)
Licensed in:
AK, AZ, CA, CO, CT, DC, DE, ID, IN, KS, KY, MA, MD, MT, NJ, NV, NY, OH, OK, OR, PA, RI, SD, UT, VA, WA, WV, WY
Principal Investments:
Investment grade bonds (97.0%), common stock (0.7%), other (2.3%)
Corporate Info
Group Affiliation
CSAA Ins Exchange
Investment Rating
--
Company Address
3055 Oak Road
Walnut Creek, CA 94597
Walnut Creek, CA 94597
Phone Number
(925) 279-2300
NAIC Number
37770
Website
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