Major Rating Factors:
Good long-term capitalization index (6.2 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Fair reserve development (3.1) as the level of reserves has at times been insufficient to cover claims. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 15.1% and 27.8%. Fair profitability index (3.0) with operating losses during 2023.
Other Rating Factors:
Good liquidity (5.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.9) despite excessive premium growth and fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.7% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Homeowners (35.4%), comm multi (27.1%), personal/comm auto (22.8%), fire (13.2%), work comp (0.8%), other (0.7%)
Licensed in:
All states except CO, FL, ID, IL, KS, ME, MI, MN, MO, NH, OR, SC, TN, VA, WA
Principal Investments:
Investment grade bonds (91.1%), cash (0.2%), other (8.8%)
Corporate Info
Group Affiliation
DB Ins Co Ltd
Investment Rating
--
Company Address
222 S.Harbor Blvd.
Anaheim, CA 92805
Anaheim, CA 92805
Phone Number
(657) 999-6828
NAIC Number
12502
Website
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