Major Rating Factors:
Good overall results on stability tests (5.9 on a scale of 0 to 10) despite. Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.0) with operating losses during 2023 and the first three months of 2025. Return on equity has been low, averaging 0.3% over the past five years. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (46.4%), homeowners (15.5%), personal/comm auto (6.2%), comm multi (5.9%), farmowners (0.8%), fin guar/surety (0.3%), other (24.8%)
Licensed in:
NV, NY
Principal Investments:
Investment grade bonds (98.8%), cash (1.2%)
Corporate Info
Group Affiliation
Ernest Rady Trust
Investment Rating
--
Company Address
15025 Innovation Drive
San Diego, CA 92128
San Diego, CA 92128
Phone Number
(858) 350-2400
NAIC Number
16386
Website
Largest Affiliates