Major Rating Factors:
Good long-term capitalization index (6.1 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2020. Good overall results on stability tests (5.2) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 4.8% of capital. Stability strengths include good operational trends and excellent risk diversification. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.4) with operating gains in each of the last five years. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
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:
Comm multi (69.5%), personal/comm auto (7.9%), fire (6.1%), homeowners (5.8%), farmowners (2.0%), other (8.8%)
Licensed in:
AZ, CA, ID, MT, NM, OR, WA
Principal Investments:
Investment grade bonds (78.4%), cash (15.3%), common stock (5.2%), non investment grade bonds (0.1%), other (1.0%)
Corporate Info
Group Affiliation
Auto-Owners Ins Group
Investment Rating
--
Company Address
Building One
Monterey, CA 93940
Monterey, CA 93940
Phone Number
(831) 233-5500
NAIC Number
23540
Website
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