Major Rating Factors:
History of adequate reserve strength (6.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.1) despite excessive premium growth. Stability strengths include good operational trends and good risk diversification.
Other Rating Factors:
Strong long-term capitalization index (8.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Fair profitability index (4.8) with operating losses during 2023.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (34.7%), homeowners (22.7%), fire (20.8%), farmowners (9.2%), comm multi (8.8%), other (3.8%)
Licensed in:
IN, OH
Principal Investments:
Investment grade bonds (62.9%), common stock (24.1%), cash (6.6%), real estate (0.5%), other (5.8%)
Corporate Info
Group Affiliation
Wayne Mutual Ins Co
Investment Rating
--
Company Address
3873 Cleveland Road
Wooster, OH 44691
Wooster, OH 44691
Phone Number
(330) 345-8100
NAIC Number
16799
Website
Largest Affiliates
No affiliate information available.