HiRoad Assurance Co
Rating Date
June 2026
NAIC
Classification
Classification
Risk Adjusted
Capital Ratio #1
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Capital Ratio #2
Loss
Ratio
Ratio
Total
Assets
Assets
Capital
Net
Premiums
Premiums
Net
Income
Income
Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with operating losses during 2021. Excellent expense controls. Good overall results on stability tests (5.7) despite weak risk adjusted capital in prior years. Other stability subfactors include potentially strong support from affiliation with State Farm Mutual Automobile Ins Co, good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.9%), homeowners (0.1%)
Licensed in:
All states except CA, FL, HI, MN, NY, WY
Principal Investments:
Investment grade bonds (50.5%), cash (0.3%), other (49.2%)
Corporate Info
Group Affiliation
State Farm Mutual Automobile Ins Co
Investment Rating
--
Company Address
One Cedar Street
Providence, RI 02903
Providence, RI 02903
Phone Number
(309) 766-2311
NAIC Number
16138
Website
Largest Affiliates