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), despite some fluctuation in capital levels. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Other Rating Factors:
Fair profitability index (4.9) with small operating losses during 2022. Fair overall results on stability tests (4.7) including weak results on operational trends and negative cash flow from operations for 2025.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
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:
IN
Principal Investments:
Investment grade bonds (99.1%), non investment grade bonds (0.5%), 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
(800) 626-8381
NAIC Number
13149
Website
Largest Affiliates