GuideOne Ins Co
Major Rating Factors:
Good long-term capitalization index (6.5 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2022. Fair reserve development (4.3) 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 (4.1) with operating losses during 2020, 2021 and 2022. Average return on equity over the last five years has been poor at -1.3%.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.4% of capital.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (50.3%), personal/comm auto (14.2%), work comp (4.4%), fire (0.7%), other (30.4%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (64.2%), common stock (23.2%), non investment grade bonds (1.7%), real estate (0.4%), cash (0.4%), preferred stock (0.2%), other (9.8%)
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
Largest Affiliates