GuideOne Ins Co
Major Rating Factors:
Good liquidity (6.0 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair reserve development (4.0) as the level of reserves has at times been insufficient to cover claims. In 2023 and 2024 the two year reserve development was 17.5% and 19.8% deficient respectively. Fair profitability index (4.2) with operating losses during 2021 and 2022.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022. Excellent overall results on stability tests (7.2). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
F - Negative cash flow.
Principal Lines of Business:
Comm multi (61.0%), personal/comm auto (14.9%), work comp (3.5%), fire (0.4%), other (20.2%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (57.7%), common stock (29.4%), non investment grade bonds (1.5%), real estate (0.4%), preferred stock (0.2%), other (10.7%)
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
(877) 448-4331
NAIC Number
15032
Website
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