PACIFIC COMPENSATION INS CO
Major Rating Factors:
Fair overall results on stability tests (4.2 on a scale of 0 to 10) including weak results on operational trends. Weak profitability index (2.3) with operating losses during 2020, 2021 and 2022. Average return on equity over the last five years has been poor at -1.5%.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
AK, AZ, CA, CO, ID, NV, NM, OR, UT
Principal Investments:
Investment grade bonds (79.8%), common stock (10.9%), cash (7.4%), non investment grade bonds (1.3%), other (0.6%)
Corporate Info
Group Affiliation
Alleghany Corp Group
Investment Rating
--
Company Address
3011 Townsgate Road Suite 120
Thousand Oaks, CA 91361
Thousand Oaks, CA 91361
Phone Number
(818) 575-8525
NAIC Number
11555
Website
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