Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.0) including excessive premium growth. Good overall profitability index (5.0) despite modest operating losses during the first nine months of 2024. Excellent expense controls. Return on equity has been low, averaging 1.7% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.8%), work comp (0.2%)
Licensed in:
AZ, CA
Principal Investments:
Investment grade bonds (89.6%), cash (9.9%), other (0.4%)
Corporate Info
Group Affiliation
CSAA Ins Exchange
Investment Rating
--
Company Address
5353 West Bell Road
Glendale, AZ 85308
Glendale, AZ 85308
Phone Number
(800) 207-3618
NAIC Number
16392
Website
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