Major Rating Factors:
Strong long-term capitalization index (8.6 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Good overall profitability index (6.8) despite operating losses during 2023.
Other Rating Factors:
Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.5) despite. Stability strengths include good operational trends and good risk diversification.
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 (33.4%), homeowners (23.1%), fire (21.1%), farmowners (9.7%), comm multi (8.9%), other (3.8%)
Licensed in:
IN, OH
Principal Investments:
Investment grade bonds (59.3%), common stock (23.1%), cash (12.1%), real estate (0.5%), other (5.0%)
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
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