Major Rating Factors:
History of adequate reserve strength (5.7 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2021. Excellent profitability index (9.2).
Other Rating Factors:
Excellent liquidity (8.3) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.0). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.8% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
Principal Lines of Business:
Comm multi (17.8%), homeowners (14.9%), fire (2.0%), other (65.2%)
Licensed in:
AL, CA, HI, LA, MA, NJ, OH, OR, SC, WA
Principal Investments:
Investment grade bonds (76.6%), cash (18.3%), other (5.1%)
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
10887
Largest Affiliates