Major Rating Factors:
Weak profitability index (1.1 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Fair reserve development (3.2) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.1) including weak risk adjusted capital in prior years, negative cash flow from operations for 2024 and weak results on operational trends.
Other Rating Factors:
Strong long-term capitalization index (9.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
AZ, CA, IA, IL, KS, KY, MO, NE, NJ, NM, NV, OH, OR, UT, WI, WY
Principal Investments:
Investment grade bonds (79.2%), other (20.8%)
Corporate Info
Group Affiliation
California Casualty Indemnity Exchange
Investment Rating
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Company Address
1875 South Grant Street
San Mateo, CA 94402
San Mateo, CA 94402
Phone Number
(650) 574-4000
NAIC Number
27464
Website
Largest Affiliates