Auto Club County Mutl Ins Co
Major Rating Factors:
Fair long-term capitalization index (3.1 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.6) with operating losses during 2023. Return on equity has been low, averaging 2.4% over the past five years.
Other Rating Factors:
Fair overall results on stability tests (3.7) including excessive premium growth and weak risk adjusted capital in prior years. Strengths include potentially strong support from affiliation with Auto Club Exchange Group. Good liquidity (6.4) 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.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (97.0%), cash (0.4%), other (2.6%)
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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