Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.9% over the past five years. Good overall results on stability tests (5.9) despite excessive premium growth and negative cash flow from operations for 2024. Other stability subfactors include potentially strong support from affiliation with Grange Ins Association, 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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (70.7%), homeowners (29.3%)
Licensed in:
CA, CO, ID, MT, OR, WA, WY
Principal Investments:
Investment grade bonds (95.6%), cash (1.1%), other (3.3%)
Corporate Info
Group Affiliation
Grange Ins Association
Investment Rating
--
Company Address
200 Cedar Street
Seattle, WA 98121
Seattle, WA 98121
Phone Number
(206) 448-4911
NAIC Number
22128
Website
Largest Affiliates