National Casualty Co
Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent overall results on stability tests (7.3). Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.8) with operating losses during 2021, 2022 and 2023.
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
Principal Lines of Business:
Work comp (20.3%), personal/comm auto (3.2%), homeowners (1.8%), fire (1.2%), comm multi (0.9%), product liab. (0.5%), farmowners (0.3%), fin guar/surety (0.1%), other (71.6%)
Licensed in:
All states and Canada, GU, PR, VI
Principal Investments:
Investment grade bonds (93.0%), cash (5.2%), other (1.8%)
Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
--
Company Address
18700 N Hayden Road
Scottsdale, AZ 85255
Scottsdale, AZ 85255
Phone Number
(614) 249-1545
NAIC Number
11991
Website
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