Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (7.0) that can protect against increases in claims costs. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Other Rating Factors:
Good overall results on stability tests (6.4) despite. Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.9) with small operating losses during 2022 and the first three months of 2025. Return on equity has been low, averaging 1.5% over the past five years.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (57.0%), other (43.0%)
Licensed in:
IN
Principal Investments:
Investment grade bonds (99.6%), other (0.4%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
111 Congressional Boulevard
Carmel, IN 46032
Carmel, IN 46032
Phone Number
(317) 636-9800 7433
NAIC Number
13149
Website
Largest Affiliates