Major Rating Factors:
Fair reserve development (4.4 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.2) with operating losses during 2022 and 2023. Fair overall results on stability tests (3.9) including negative cash flow from operations for 2024 and weak results on operational trends. The largest net exposure for one risk is high at 4.4% of capital.
Other Rating Factors:
Vulnerable liquidity (1.6) as a spike in claims may stretch capacity. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023.
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (70.0%), homeowners (28.5%), fire (1.2%), other (0.4%)
Licensed in:
All states except MI, NJ
Principal Investments:
Investment grade bonds (81.7%), common stock (15.6%), cash (1.0%), other (1.7%)
Corporate Info
Group Affiliation
California Casualty Indemnity Exchange
Investment Rating
--
Company Address
1875 South Grant Street
San Mateo, CA 94402
San Mateo, CA 94402
Phone Number
(650) 574-4000
NAIC Number
20117
Website
Largest Affiliates