Major Rating Factors:
Poor long-term capitalization index (0.8 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Vulnerable liquidity (2.7) as a spike in claims may stretch capacity. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. In 2025 the two year reserve development was 20.4% deficient.
Other Rating Factors:
Fair profitability index (3.4) with operating losses during 2022, 2023 and 2024. Fair overall results on stability tests (3.4) including excessive premium growth, weak risk adjusted capital in prior years and weak results on operational trends.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
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:
Cash (76.0%), investment grade bonds (1.7%), other (22.4%)
Corporate Info
Group Affiliation
Tesla Inc
Investment Rating
Company Address
45500 Fremont Boulevard
Fremont, CA 94538
Fremont, CA 94538
Phone Number
(303) 862-2049
NAIC Number
24848
Website
Largest Affiliates