Westfield Champion Ins Co
Major Rating Factors:
Weak overall results on stability tests (0.0 on a scale of 0 to 10) including excessive premium growth. The largest net exposure for one risk is excessive at 34.6% of capital. Strengths include potentially strong support from affiliation with Ohio Farmers Ins Co. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Good profitability index (4.9). Excellent expense controls.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (63.9%), personal/comm auto (15.8%), work comp (5.0%), fire (0.4%), other (14.9%)
Licensed in:
AL, AR, AZ, CO, DE, GA, IA, IL, IN, KS, KY, MD, MI, MN, MO, MS, NC, NE, NM, NV, OH, PA, SC, TN, TX, VA, WI, WV
Principal Investments:
Investment grade bonds (95.1%), other (4.9%)
Corporate Info
Group Affiliation
Ohio Farmers Ins Co
Investment Rating
--
Company Address
One Park Circle
Westfield Center, OH 44251
Westfield Center, OH 44251
Phone Number
(330) 887-0101
NAIC Number
16447
Largest Affiliates