Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.5% over the past five years. Good overall results on stability tests (5.5) despite excessive premium growth and negative cash flow from operations for 2024. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
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 (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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 (86.3%), personal/comm auto (5.2%), fire (0.6%), other (7.8%)
Licensed in:
AL, AR, CT, DE, FL, GA, IL, IN, MD, MI, NC, OH, PA, RI, SC, TN, TX, VA
Principal Investments:
Investment grade bonds (95.7%), non investment grade bonds (0.9%), other (3.3%)
Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
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Company Address
One West Nationwide Boulevard
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(614) 249-1545
NAIC Number
10948
Website
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Largest Affiliates