Major Rating Factors:
Weak profitability index (2.6 on a scale of 0 to 10) with operating losses during 2020, 2022, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -13.0%. Vulnerable liquidity (0.0) as a spike in claims may stretch capacity. Fair long-term capitalization index (4.0) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
Fair reserve development (4.8) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.9) including excessive premium growth, weak results on operational trends and weak risk adjusted capital in prior years.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
All states except LA, also licensed in GU, MP, VI
Principal Investments:
Common stock (56.6%), cash (8.6%), investment grade bonds (8.1%), other (26.6%)
Corporate Info
Group Affiliation
Tesla Inc
Investment Rating
Company Address
45500 Fremont Blvd.
Fremont, CA 94538
Fremont, CA 94538
Phone Number
(303) 862-2049
NAIC Number
24813
Website
Largest Affiliates