Major Rating Factors:
Strong long-term capitalization index (8.7 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. Excellent overall results on stability tests (8.4). Stability strengths include excellent operational trends and excellent risk diversification.
Other Rating Factors:
Good overall profitability index (5.1) despite operating losses during 2022 and 2023. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (52.0%), homeowners (26.7%), comm multi (13.1%), work comp (2.3%), farmowners (1.2%), fire (0.9%), other (3.8%)
Licensed in:
AL, AZ, GA, IA, IL, IN, KS, KY, MD, MN, MO, MS, NC, OH, PA, SC, TN, UT, VA, WI, WV
Principal Investments:
Investment grade bonds (57.2%), common stock (23.6%), non investment grade bonds (4.0%), real estate (2.3%), preferred stock (1.0%), cash (0.9%), other (11.0%)
Corporate Info
Group Affiliation
Grange Mutual Holding Co
Investment Rating
--
Company Address
671 South High Street
Columbus, OH 43206
Columbus, OH 43206
Phone Number
(614) 445-2900
NAIC Number
14060
Website
Largest Affiliates