Major Rating Factors:
Fair profitability index (4.5 on a scale of 0 to 10) with operating losses during 2022 and 2023. Fair overall results on stability tests (4.0) including. The largest net exposure for one risk is excessive at 7.5% of capital. Strengths include potentially strong support from affiliation with Western Reserve Group. Strong long-term capitalization index (8.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Vulnerable liquidity (2.0) as a spike in claims may stretch capacity.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (86.6%), farmowners (6.2%), homeowners (3.7%), comm multi (2.7%), fire (0.2%), other (0.6%)
Licensed in:
IN, OH
Principal Investments:
Investment grade bonds (75.6%), common stock (19.0%), other (5.5%)
Corporate Info
Group Affiliation
Western Reserve Group
Investment Rating
--
Company Address
2865 Benden Drive
Wooster, OH 44691
Wooster, OH 44691
Phone Number
(330) 262-9060
NAIC Number
10271
Website
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