Major Rating Factors:
Good long-term capitalization index (6.9 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2021. History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Excellent profitability index (7.9) despite operating losses during 2020. Return on equity has been good over the last five years, averaging 13.2%.
Other Rating Factors:
Excellent liquidity (7.7) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (6.9) despite weak risk adjusted capital in prior years and negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (76.6%), homeowners (20.8%), other (2.6%)
Licensed in:
CA
Principal Investments:
Investment grade bonds (84.3%), cash (15.2%), other (0.4%)
Corporate Info
Group Affiliation
GeoVera Nova Holdings Inc
Investment Rating
--
Company Address
4605 Business Centre Drive
Fairfield, CA 94534
Fairfield, CA 94534
Phone Number
(707) 863-3681
NAIC Number
10182
Largest Affiliates