Major Rating Factors:
History of adequate reserve strength (6.5 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent profitability index (8.1).
Other Rating Factors:
Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (8.0). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (98.6%), comm multi (0.6%), other (0.8%)
Licensed in:
CA, FL, GA, OH
Principal Investments:
Investment grade bonds (99.7%), non investment grade bonds (0.3%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
6300 Wilson Mills Road
Cleveland, OH 44143
Cleveland, OH 44143
Phone Number
(440) 461-5000
NAIC Number
10193
Website
Largest Affiliates