Major Rating Factors:
Fair overall results on stability tests (3.3 on a scale of 0 to 10) including fair financial strength of affiliated CIG Holding Company Inc and weak results on operational trends. The largest net exposure for one risk is high at 4.2% of capital. Weak profitability index (2.9) with operating losses during 2018 and 2019. Average return on equity over the last five years has been poor at -8.4%.
Other Rating Factors:
Good long-term capitalization index (6.0) based on good current risk adjusted capital (moderate loss scenario). Moreover, capital has steadily grown over the last five years. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level. Good liquidity (5.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (58.2%), personal/comm auto (14.4%), homeowners (7.6%), farmowners (6.0%), fire (0.7%), other (13.1%)
Licensed in:
AZ, CA, ID, MT, NV, NM, OR, UT, WA
Principal Investments:
Investment grade bonds (82.8%), cash (9.7%), common stock (5.1%), non investment grade bonds (0.5%), other (1.9%)
Corporate Info
Group Affiliation
CIG Holding Company Inc
Investment Rating
--
Company Address
915 Highland Pointe Dr Suite 1
ROSEVILLE, CA 95678
ROSEVILLE, CA 95678
Phone Number
(831) 233-5500
NAIC Number
12890
Website
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