Major Rating Factors:
Poor long-term capitalization index (1.5 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak profitability index (0.6) with operating losses during each of the last five years and the first six months of 2022. Average return on equity over the last five years has been poor at -113.3%.
Other Rating Factors:
Weak overall results on stability tests (1.8) including weak risk adjusted capital in prior years and negative cash flow from operations for 2021. Fair reserve development (3.9) as reserves have generally been sufficient to cover claims. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.8%), homeowners (0.2%)
Licensed in:
All states except ID, KS, ME, MA, MI, MN, NJ, NY, RI, SD, VT, WI, WY, PR
Principal Investments:
Cash (61.7%), investment grade bonds (26.7%), other (11.7%)
Corporate Info
Group Affiliation
IBOD Company Inc
Investment Rating
Company Address
80 E Rich St Suite 500
COLUMBUS, OH 43215
COLUMBUS, OH 43215
Phone Number
(866) 980-9431
NAIC Number
10974
Website
Largest Affiliates
