Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.1) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2024. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.2% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (8.5) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (68.9%), personal/comm auto (18.5%), work comp (1.5%), fire (0.6%), other (10.4%)
Licensed in:
All states except HI
Principal Investments:
Investment grade bonds (97.9%), cash (0.2%), other (1.9%)
Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
--
Company Address
One West Nationwide Boulevard
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(614) 249-1545
NAIC Number
10723
Website
--
Largest Affiliates