Major Rating Factors:
Good liquidity (6.7 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (9.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Ample reserve history (8.2) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.6) with operating gains in each of the last five years. 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 (99.3%), other (0.7%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (100.0%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
6300 Wilson Mills Road
Cleveland, OH 44143
Cleveland, OH 44143
Phone Number
(440) 461-5000
NAIC Number
14800
Website
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