Major Rating Factors:
Vulnerable liquidity (1.1 on a scale of 0 to 10) as a spike in claims may stretch capacity. Fair reserve development (3.5) as reserves have generally been sufficient to cover claims. In 2024 the one year reserve development was 31.4% deficient. Fair overall results on stability tests (4.5) including fair risk adjusted capital in prior years and excessive premium growth. The largest net exposure for one risk is excessive at 6.3% of capital.
Other Rating Factors:
Fair long-term capitalization index (4.8) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2021. Good overall profitability index (5.5) despite operating losses during 2023.
Stability Factors:
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (43.1%), fin guar/surety (3.6%), fire (0.3%), other (52.9%)
Licensed in:
AZ, CA, FL, ID, IN, MN, NC, NM, NV, OH, OK, SC, TN, TX, UT, VA, WA
Principal Investments:
Investment grade bonds (85.1%), common stock (6.7%), cash (0.8%), other (7.4%)
Corporate Info
Group Affiliation
LD Investments LLC
Investment Rating
--
Company Address
1000 Aviara Parkway
Carlsbad, CA 92011
Carlsbad, CA 92011
Phone Number
(877) 365-1648
NAIC Number
10004
Website
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