Major Rating Factors:
Fair profitability index (4.7 on a scale of 0 to 10) with operating losses during 2022 and 2023. Fair overall results on stability tests (3.2) including. The largest net exposure for one risk is conservative at 1.5% of capital. History of adequate reserve strength (6.2) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
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 (45.3%), fire (21.3%), personal/comm auto (10.8%), other (22.7%)
Licensed in:
IN, MI, OH
Principal Investments:
Common stock (42.8%), investment grade bonds (15.9%), cash (10.8%), preferred stock (3.1%), real estate (0.6%), other (26.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
722 North Cable Road
Lima, OH 45805
Lima, OH 45805
Phone Number
(419) 227-6604
NAIC Number
16748
Website
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