Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Fair overall results on stability tests (3.2) including. The largest net exposure for one risk is excessive at 9.4% of capital. Strengths include potentially strong support from affiliation with Ohio Mutual Ins Group. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. Ample reserve history (8.2) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (33.8%), homeowners (32.0%), farmowners (18.4%), fire (6.7%), comm multi (6.6%), other (2.5%)
Licensed in:
OH, WI
Principal Investments:
Investment grade bonds (84.9%), cash (1.8%), real estate (0.7%), common stock (0.3%), other (12.3%)
Corporate Info
Group Affiliation
Ohio Mutual Ins Group
Investment Rating
--
Company Address
1725 Hopley Avenue
Bucyrus, OH 44820
Bucyrus, OH 44820
Phone Number
(419) 562-3011
NAIC Number
10719
Largest Affiliates