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Review: Balboa Insurance Group
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Company Information

Lines of Insurance:
Auto, Homeowners

States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

Type of Insurance Company: Stock (parent)

Name of Parent Company:
Countrywide Financial Corp.

Insurance subsidiaries:
Meritplan Insurance Co.
Newport E&S Insurance Co.
Newport Insurance Co.
Balboa Life Insurance Co.
Balboa Life Insurance Co. of NY

Company Overview:

Company History:

Principal Methods: Financial institutions, general agents, independent producers, and direct to customer (via website)

Life Annuity Business: Balboa Insurance Group sells Platform Term Life, Mortgage Secure and AD&D insurance through financial institutions and independent agents.

Homeowners Business: Balboa Insurance Group sells Homeowner, Dwelling Fire, Condo, Mortgage Rescue and Renter, lender-placed Fire and Flood insurance through financial institutions and independent agents, plus direct-to-consumer Renter policies via Internet.

Special Business: Balboa Insurance Group sells Renter insurance directly via its website.

Company Rating:
Best Insurance Reports: A
Url of page rating was collected: http://www.ambest.com/ratings/
Best Rating: A.M. Best ratings: Property & Casualty
rated A (excellent). Life rated A- (excellent)

Company Financial Status:
Ticker Symbol: CFC (NYSE)
Assets & Premiums: 2006 Assets (parent): $200 billion

Overview  |  Company InfoSurvey Results  |  Comments  |  Contact Info  |  Related Links
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