Major Rating Factors:
Fair reserve development (4.7 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the one year reserve development was 22.8% deficient. Good long-term capitalization index (6.6) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2023. Good overall profitability index (5.6) despite operating losses during 2022. Return on equity has been low, averaging 3.9% over the past five years.
Other Rating Factors:
Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.3) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and good risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.8%), other (0.2%)
Licensed in:
AZ, CA, FL, NM, NV, TX
Principal Investments:
Investment grade bonds (32.9%), common stock (18.6%), cash (14.3%), other (34.3%)
Corporate Info
Group Affiliation
Anchor Ins Holdings Inc
Investment Rating
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Company Address
10089 Willow Creek Rd
San Diego, CA 92131
San Diego, CA 92131
Phone Number
(800) 542-6246
NAIC Number
40010
Website
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