Truck Ins Exchange
Major Rating Factors:
Good long-term capitalization index (5.1 on a scale of 0 to 10) based on good current risk adjusted capital (severe and moderate loss scenarios) reflecting some improvement over results in 2023. Good overall profitability index (6.1) despite operating losses during 2021, 2022 and 2023. Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent overall results on stability tests (8.6). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Personal/comm auto (36.5%), comm multi (31.7%), homeowners (20.3%), work comp (3.7%), fire (1.4%), other (6.4%)
Licensed in:
All states
Principal Investments:
Common stock (56.2%), investment grade bonds (38.7%), non investment grade bonds (2.1%), cash (1.9%), other (1.0%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
--
Company Address
6301 Owensmouth Avenue
Woodland Hills, CA 91367
Woodland Hills, CA 91367
Phone Number
(818) 965-0263
NAIC Number
21709
Website
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