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. 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 (49.2%), homeowners (14.7%), personal/comm auto (5.9%), comm multi (5.6%), farmowners (0.8%), fin guar/surety (0.3%), other (23.5%)
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
16387
Website
Largest Affiliates