B
United Financial Casualty Co
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair reserve development (3.7 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors: Excellent profitability index (8.7) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 23.1%. Excellent overall results on stability tests (8.6). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business: Personal/comm auto (97.1%), comm multi (0.5%), other (2.4%)
Licensed in: All states
Principal Investments: Investment grade bonds (95.8%), common stock (3.2%), non investment grade bonds (0.7%), preferred stock (0.2%), other (0.1%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
PGR
Company Address
300 N. Commons Blvd.
Mayfield, OH 44143
Phone Number
(440) 461-5000
NAIC Number
11770
Largest Affiliates
B
B
Mayfield, OH - P&C
B
B
C
Saint Petersburg, FL - P&C