Growers Automobile Ins Assn
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8). Fair overall results on stability tests (3.6) including. The largest net exposure for one risk is acceptable at 2.1% of capital.
Other Rating Factors:
Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.4) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
IN
Principal Investments:
Common stock (96.3%), preferred stock (2.1%), cash (1.7%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
7202 North Shadeland Avenue
Indianapolis, IN 46250
Indianapolis, IN 46250
Phone Number
(317) 635-2202
NAIC Number
15814
Website
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