Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including negative cash flow from operations for 2024. Good Liquidity (5.7) with sufficient resources to handle a spike in claims. Weak profitability (1.6) with operating losses during 2024. Return on equity has been low, averaging -44.5%.
Other Rating Factors:
Strong capitalization (10.0) based on excellent risk adjusted capital (severe loss scenario). High quality investment portfolio (9.2).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
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Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
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Investments in Affiliates
Corporate Info
Group Affiliation
Progressive Corporation
Investment Rating
Company Address
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Phone Number
(440) 461-5000
NAIC Number
16816
Website
Largest Affiliates