Major Rating Factors:
Weak overall results on stability tests (1.0 on a scale of 0 to 10) based on a steep decline in premium revenue in 2023, a significant -78% decrease in enrollment during the period. Fair profitability index (3.2) with modest operating losses during 2022 and 2023. Return on equity has been fair, averaging 6.5% over the last five years. Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent capitalization index (8.3) based on excellent current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years. Excellent quality investment portfolio (9.9) containing small junk bond exposure.
Principal Lines of Business:
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Licensed in:
AZ, NM, NV, TX, UT
Principal Enrollment Breakdown:
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Corporate Info
Group Affiliation
Imperial Ins Companies Inc
Investment Rating
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Company Address
1100 East Green Street
Pasadena, CA 91106
Pasadena, CA 91106
Phone Number
(626) 838-5100
NAIC Number
16348
Website
Largest Affiliates