Founders Ins Co (IL)
Major Rating Factors:
History of adequate reserve strength (6.6 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent profitability index (8.3). Excellent overall results on stability tests (8.1). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (51.3%), comm multi (15.5%), homeowners (5.6%), work comp (4.8%), other (22.9%)
Licensed in:
AZ, HI, IA, IL, IN, MI, MN, OH, PA, TN, WI
Principal Investments:
Investment grade bonds (96.0%), common stock (2.7%), other (1.3%)
Corporate Info
Group Affiliation
Utica National Ins Group
Investment Rating
--
Company Address
180 Genesee Street
New Hartford, NY 13413
New Hartford, NY 13413
Phone Number
(847) 768-0040
NAIC Number
14249
Website
Largest Affiliates