GuideOne P&C Ins Co
Major Rating Factors:
Good liquidity (6.5 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair reserve development (4.4) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8) with operating losses during 2022 and 2023.
Other Rating Factors:
Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent overall results on stability tests (7.0). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
F - Negative cash flow.
Principal Lines of Business:
Comm multi (60.5%), personal/comm auto (16.3%), work comp (3.6%), fire (0.4%), other (19.2%)
Licensed in:
IA
Principal Investments:
Investment grade bonds (64.5%), common stock (24.1%), non investment grade bonds (1.5%), preferred stock (0.3%), other (9.7%)
Corporate Info
Group Affiliation
GuideOne Mutual Holding Co
Investment Rating
--
Company Address
1111 Ashworth Road
West Des Moines, IA 50265
West Des Moines, IA 50265
Phone Number
(515) 267-5000
NAIC Number
13984
Website
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