Auto Club County Mutl Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.9) with operating losses during 2023. Return on equity has been low, averaging 1.6% over the past five years. Fair overall results on stability tests (3.6) including excessive premium growth and weak risk adjusted capital in prior years. Strengths include potentially strong support from affiliation with Auto Club Exchange Group.
Other Rating Factors:
Poor long-term capitalization index (2.9) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the fair range during the last year. Good liquidity (5.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (80.5%), cash (1.8%), other (17.7%)
Corporate Info
Group Affiliation
Auto Club Exchange Group
Investment Rating
--
Company Address
3333 Fairview Road
Costa Mesa, CA 92626
Costa Mesa, CA 92626
Phone Number
(714) 850-5111
NAIC Number
29327
Website
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