Major Rating Factors:
Good overall results on stability tests (4.9 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 5.2% of capital. Strengths include potentially strong support from affiliation with Auto-Owners Ins Group. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent profitability index (8.5). Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (58.2%), personal/comm auto (15.6%), homeowners (10.1%), fire (4.6%), farmowners (3.3%), other (8.1%)
Licensed in:
NV
Principal Investments:
Investment grade bonds (66.5%), cash (24.6%), common stock (6.1%), non investment grade bonds (0.6%), real estate (0.4%), other (1.8%)
Corporate Info
Group Affiliation
Auto-Owners Ins Group
Investment Rating
--
Company Address
5250 South Virginia Street
Reno, NV 89502
Reno, NV 89502
Phone Number
(831) 233-5500
NAIC Number
11165
Website
Largest Affiliates