Major Rating Factors:
Fair reserve development (3.5 on a scale of 0 to 10) 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 (4.4) including fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 6.4% of capital. Fair long-term capitalization index (4.8) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2021.
Other Rating Factors:
Good overall profitability index (5.5) despite operating losses during 2023 and the first three months of 2025. Return on equity has been fair, averaging 9.9% over the past five years. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
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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