Major Rating Factors:
Fair profitability index (3.5 on a scale of 0 to 10) with operating losses during 2022 and 2023. Average return on equity over the last five years has been poor at -2.5%. Fair overall results on stability tests (4.1) including negative cash flow from operations for 2024. The largest net exposure for one risk is conservative at 1.4% of capital. History of adequate reserve strength (6.7) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (9.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Stability Factors:
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:
Personal/comm auto (100.0%)
Licensed in:
AR, AZ, CA, CO, IA, ID, IL, IN, KY, ND, NE, OH, OR, SD, TN, WA, WI
Principal Investments:
Investment grade bonds (79.5%), cash (7.4%), common stock (0.7%), other (12.4%)
Corporate Info
Group Affiliation
Anchor Ins Holdings Inc
Investment Rating
--
Company Address
10089 Willow Creek Rd
San Diego, CA 92131
San Diego, CA 92131
Phone Number
(800) 542-6246
NAIC Number
29793
Largest Affiliates