Major Rating Factors:
A history of deficient reserves (2.1 on a scale of 0 to 10) that places pressure on both capital and profits. In four of the last five years reserves (two year development) were between 19.4% and 51.3% deficient. Weak profitability index (2.9) with operating losses during 2021, 2022, 2023 and 2024. Fair overall results on stability tests (3.1) including weak results on operational trends, negative cash flow from operations for 2025 and fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 6.1% of capital.
Other Rating Factors:
Good long-term capitalization index (5.6) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2023. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (101.5%)
Licensed in:
AR, AZ, CA, CO, DC, DE, GA, IA, KS, MD, MO, NE, NJ, NM, NV, OH, OK, OR, PA, SC, UT, VA, WA
Principal Investments:
Investment grade bonds (57.6%), common stock (24.6%), cash (2.3%), other (15.5%)
Corporate Info
Group Affiliation
Topa Equities Ltd
Investment Rating
--
Company Address
24025 Park Sorrento
Calabasas, CA 91302
Calabasas, CA 91302
Phone Number
(310) 201-0451
NAIC Number
18031
Website
Largest Affiliates