Major Rating Factors:
Weak overall results on stability tests (0.0 on a scale of 0 to 10) including negative cash flow from operations for 2023. The largest net exposure for one risk is excessive at 436.2% of capital. Fair profitability index (4.6) with small operating losses during 2020, 2023 and the first six months of 2024. Return on equity has been low, averaging 0.3% over the past five years. 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:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
ID, IL, ME, MT, NH, OH
Principal Investments:
Investment grade bonds (78.0%), common stock (15.7%), cash (5.7%), real estate (0.2%), other (0.3%)
Corporate Info
Group Affiliation
American Mutual Share Ins Corporation
Investment Rating
--
Company Address
5656 Frantz Road
Dublin, OH 43017
Dublin, OH 43017
Phone Number
(614) 764-1900
NAIC Number
12700
Website
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