Major Rating Factors:
Poor long-term capitalization index (1.8 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the good range over the last two years. Weak profitability index (0.9) with operating losses during each of the last five years and the first three months of 2025. Average return on equity over the last five years has been poor at -97.6%. Weak overall results on stability tests (2.5) including weak results on operational trends, weak risk adjusted capital in prior years and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 6.1% of capital.
Other Rating Factors:
Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (66.4%), personal/comm auto (32.9%), other (0.6%)
Licensed in:
AK, AR, AZ, DC, FL, GA, IA, IL, IN, KY, LA, MD, MI, MO, MS, MT, NC, ND, NE, NM, OH, OK, OR, PA, TX, UT, WI, WV
Principal Investments:
Investment grade bonds (43.9%), cash (8.8%), other (47.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
20 East Broad Street
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(833) 427-2624
NAIC Number
16825
Website
Largest Affiliates
No affiliate information available.