Auto Club County Mutl Ins Co
Major Rating Factors:
Fair long-term capitalization index (3.0 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 fair range over the last two years. 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. Excellent liquidity (7.8) with ample operational cash flow and liquid investments.
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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