Major Rating Factors:
History of adequate reserve strength (6.1 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (5.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (9.7). Excellent overall results on stability tests (7.5). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.5% of capital.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (97.5%), comm multi (0.3%), homeowners (0.2%), other (2.0%)
Licensed in:
MI, OH
Principal Investments:
Investment grade bonds (99.2%), non investment grade bonds (0.8%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
300 N. Commons Blvd.
Mayfield, OH 44143
Mayfield, OH 44143
Phone Number
(440) 461-5000
NAIC Number
10187
Website
Largest Affiliates