GuideOne Specialty Ins Co
Major Rating Factors:
Fair reserve development (3.5 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 19.6% and 26.0%. Fair profitability index (4.7) with operating losses during 2022 and 2023. Good long-term capitalization index (5.3) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2023.
Other Rating Factors:
Good liquidity (5.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.9) despite negative cash flow from operations for 2025 and fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
Principal Lines of Business:
Comm multi (70.4%), personal/comm auto (9.9%), work comp (4.8%), fire (0.4%), other (14.4%)
Licensed in:
All states except AK, CT
Principal Investments:
Investment grade bonds (79.9%), common stock (6.8%), non investment grade bonds (1.7%), cash (0.2%), preferred stock (0.1%), other (11.2%)
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
14559
Website
Largest Affiliates