Major Rating Factors:
Poor long-term capitalization index (2.7 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the fair range over the last two years. Good overall profitability index (6.9). Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.4). Strengths include potentially strong support from affiliation with Ernest Rady Trust, excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.7% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Work comp (41.0%), homeowners (15.6%), comm multi (8.2%), personal/comm auto (5.0%), fin guar/surety (0.4%), other (29.8%)
Licensed in:
All states except ND, NH, OH, WY
Principal Investments:
Investment grade bonds (88.2%), common stock (10.6%), cash (0.6%), preferred stock (0.3%), non investment grade bonds (0.3%)
Corporate Info
Group Affiliation
Ernest Rady Trust
Investment Rating
--
Company Address
15025 Innovation Drive
San Diego, CA 92128
San Diego, CA 92128
Phone Number
(858) 350-2400
NAIC Number
40029
Largest Affiliates