Major Rating Factors:
Good overall results on stability tests (5.7 on a scale of 0 to 10) despite. The largest net exposure for one risk is high at 4.0% of capital. Other stability subfactors include potentially strong support from affiliation with Auto-Owners Ins Group, good operational trends, good risk adjusted capital for prior years and excellent risk diversification. Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.3) with operating gains in each of the last five years. Excellent liquidity (8.4) with ample operational cash flow and liquid investments.
Stability Factors:
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 (57.8%), personal/comm auto (15.0%), homeowners (10.1%), fire (5.1%), farmowners (3.2%), other (8.7%)
Licensed in:
NV
Principal Investments:
Investment grade bonds (77.0%), cash (14.5%), common stock (6.0%), real estate (0.5%), other (2.0%)
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
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