Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10). Excellent expense controls. Good overall results on stability tests (6.0) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with Granwest Ins Co, good operational trends and excellent risk diversification. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (59.2%), homeowners (40.8%)
Licensed in:
CA, CO, ID, MT, OR, WA, WY
Principal Investments:
Investment grade bonds (97.5%), cash (0.9%), other (1.7%)
Corporate Info
Group Affiliation
Granwest Ins Co
Investment Rating
--
Company Address
200 Cedar Street
Seattle, WA 98121
Seattle, WA 98121
Phone Number
(206) 448-4911
NAIC Number
22128
Website
Largest Affiliates