Major Rating Factors:
Good long-term capitalization index (5.1 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2021. History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level. Excellent profitability index (8.6).
Other Rating Factors:
Excellent liquidity (8.8) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.2). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
Principal Lines of Business:
Comm multi (65.3%), homeowners (31.8%), fire (0.4%), other (2.5%)
Licensed in:
CA
Principal Investments:
Common stock (59.2%), investment grade bonds (31.4%), cash (7.1%), other (2.3%)
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) 863-3606
NAIC Number
10182
Largest Affiliates