Economy Preferred 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. Good overall profitability index (5.0) despite operating losses during 2021. Excellent expense controls. Return on equity has been low, averaging 1.3% over the past five years. Good overall results on stability tests (6.2) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (71.8%), homeowners (27.9%), other (0.2%)
Licensed in:
All states except AK, CA, DC, DE, HI, MA, ME, MI, NH, NJ, NV, NY, RI, SC, VA, VT
Principal Investments:
Investment grade bonds (95.9%), cash (4.1%)
Corporate Info
Group Affiliation
Farmers Ins Group of Companies
Investment Rating
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Company Address
6301 Owensmouth Avenue
Woodland Hills, CA 91367
Woodland Hills, CA 91367
Phone Number
(818) 965-0433
NAIC Number
38067
Website
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Largest Affiliates