Major Rating Factors:
History of adequate reserve strength (6.0 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent profitability index (8.1). Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.5% of capital.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Personal/comm auto (99.3%), other (0.7%)
Licensed in:
GA, OH
Principal Investments:
Investment grade bonds (100.0%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
300 N. Commons Blvd.
Mayfield, OH 44143
Mayfield, OH 44143
Phone Number
(440) 461-5000
NAIC Number
12302
Website
Largest Affiliates