Major Rating Factors:
Poor long-term capitalization index (0.7 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range over the last two years. Weak profitability index (1.7) with operating losses during 2022, 2023 and 2024. Vulnerable liquidity (0.4) as a spike in claims may stretch capacity.
Other Rating Factors:
Fair overall results on stability tests (2.9) including excessive premium growth, weak risk adjusted capital in prior years and weak results on operational trends. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
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:
AZ, CA, NJ, NV, NY, OR, VA, WA
Principal Investments:
Investment grade bonds (31.0%), cash (21.5%), other (47.5%)
Corporate Info
Group Affiliation
Tesla Inc
Investment Rating
Company Address
45500 Fremont Boulevard
Fremont, CA 94538
Fremont, CA 94538
Phone Number
(510) 696-0257
NAIC Number
24848
Website
Largest Affiliates