Economy Premier Assurance Co
Major Rating Factors:
Good overall results on stability tests (6.5 on a scale of 0 to 10) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8) with operating losses during 2021.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (76.9%), homeowners (21.4%), other (1.8%)
Licensed in:
All states except AK, CA, DC, DE, HI, MA, ME, MI, NH, NJ, NV, RI, SC, VT
Principal Investments:
Investment grade bonds (98.9%), cash (1.1%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
6301 Owensmouth Avenue
Woodland Hills, CA 91367
Woodland Hills, CA 91367
Phone Number
(818) 965-0263
NAIC Number
40649
Website
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