Major Rating Factors:
Fair long-term capitalization index (4.5 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range over the last two years. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.2). Excellent overall results on stability tests (6.9) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.3% of capital.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Work comp (42.0%), homeowners (15.3%), comm multi (8.1%), personal/comm auto (4.9%), fin guar/surety (0.4%), other (29.4%)
Licensed in:
AZ, CA, IA, NY, UT
Principal Investments:
Investment grade bonds (94.8%), preferred stock (3.2%), non investment grade bonds (1.6%), cash (0.4%)
Corporate Info
Group Affiliation
Ernest Rady Trust
Investment Rating
--
Company Address
15025 Innovation Drive
San Diego, CA 92128
San Diego, CA 92128
Phone Number
(858) 350-2400
NAIC Number
24635
Website
Largest Affiliates