Major Rating Factors:
Fair overall results on stability tests (4.6 on a scale of 0 to 10) including weak results on operational trends. Weak profitability index (2.5) with operating losses during 2022 and 2023. Return on equity has been low, averaging 0.9% over the past five years. Good long-term capitalization index (5.5) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
History of adequate reserve strength (5.4) as reserves have been consistently at an acceptable level. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (34.6%), homeowners (12.1%), fire (7.7%), comm multi (6.6%), personal/comm auto (3.5%), med mal (0.4%), other (35.1%)
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 (93.8%), cash (3.5%), non investment grade bonds (1.2%), other (1.6%)
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