Major Rating Factors:
Poor long-term capitalization index (1.2 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (1.8) that places pressure on both capital and profits. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 24.2% and 60.2%. Weak profitability index (1.2) with operating losses during each of the last five years.
Other Rating Factors:
Fair liquidity (4.5) as cash resources may not be adequate to cover a spike in claims. Fair overall results on stability tests (3.5) including weak risk adjusted capital in prior years and negative cash flow from operations for 2025. The largest net exposure for one risk is high at 3.8% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
All states except AK, AR, CA, CO, CT, HI, ID, KS, MA, ME, MN, MT, ND, NJ, NY, SC, SD, TN, VT, WA, WY
Principal Investments:
Investment grade bonds (72.6%), cash (10.6%), other (16.9%)
Corporate Info
Group Affiliation
Clearcover Inc
Investment Rating
--
Company Address
20 E Broad Street
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(773) 739-8117
NAIC Number
16524
Website
Largest Affiliates