Major Rating Factors:
Good overall results on stability tests (5.1 on a scale of 0 to 10) despite excessive premium growth and negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification. Fair reserve development (4.7) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (8.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent profitability index (7.4) with operating gains in each of the last five years. Excellent expense controls. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (86.2%), work comp (2.2%), comm multi (0.2%), other (11.3%)
Licensed in:
HI, MI, NJ, OH
Principal Investments:
Investment grade bonds (74.9%), cash (0.3%), other (24.9%)
Corporate Info
Group Affiliation
American Financial Group Inc
Investment Rating
Company Address
3250 Interstate Drive
Richfield, OH 44286
Richfield, OH 44286
Phone Number
(330) 659-8900
NAIC Number
11051
Website
Largest Affiliates