Major Rating Factors:
Fair profitability index (3.6 on a scale of 0 to 10) with operating losses during 2022 and 2023. Fair overall results on stability tests (4.6) including weak results on operational trends. Good long-term capitalization index (5.4) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years.
Other Rating Factors:
History of adequate reserve strength (6.5) as reserves have been consistently at an acceptable level. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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 (20.6%), homeowners (18.9%), work comp (15.7%), comm multi (9.9%), fire (6.6%), farmowners (0.6%), med mal (0.3%), fin guar/surety (0.2%), other (27.2%)
Licensed in:
All states except AK, AL, DE, FL, HI, MA, MD, ME, MO, NH, PA, VA, VT, WV, WY
Principal Investments:
Investment grade bonds (88.1%), cash (10.0%), non investment grade bonds (1.3%), other (0.6%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Allianz SE
Investment Rating
Company Address
1465 North McDowell Boulevard
Petaluma, CA 94954
Petaluma, CA 94954
Phone Number
(415) 899-2000
NAIC Number
21911
Website
Largest Affiliates