Major Rating Factors:
Good long-term capitalization index (5.7 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios). Moreover, capital has steadily grown over the last five years. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.0) despite. The largest net exposure for one risk is high at 3.5% of capital. Other stability subfactors include potentially strong support from affiliation with Auto-Owners Ins Group, good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent profitability index (8.4).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Comm multi (54.0%), personal/comm auto (16.2%), homeowners (10.0%), farmowners (5.9%), fire (3.6%), other (10.4%)
Licensed in:
AZ, CA, ID, MT, NM, NV, OR, UT, WA
Principal Investments:
Investment grade bonds (78.7%), cash (15.5%), common stock (4.8%), non investment grade bonds (0.2%), other (0.8%)
Corporate Info
Group Affiliation
Auto-Owners Ins Group
Investment Rating
--
Company Address
Building One
Monterey, CA 93940
Monterey, CA 93940
Phone Number
(831) 233-5500
NAIC Number
12890
Website
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