Major Rating Factors:
Fair long-term capitalization index (3.1 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2021. History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.1) 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. The largest net exposure for one risk is conservative at 1.8% of capital.
Other Rating Factors:
Excellent profitability index (7.9) despite operating losses during 2020. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
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 Investment Group Ltd
Investment Rating
--
Company Address
4605 Business Centre Drive
Fairfield, CA 94534
Fairfield, CA 94534
Phone Number
(707) 863-3681
NAIC Number
10182
Largest Affiliates