Element Ins Co
Major Rating Factors:
Weak overall results on stability tests (2.0 on a scale of 0 to 10) including weak results on operational trends, weak risk diversification and excessive premium growth. Fair reserve development (4.7) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (9.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent profitability index (8.9). Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (96.7%), other (3.3%)
Licensed in:
IN, KY, OH
Principal Investments:
Investment grade bonds (65.8%), cash (26.1%), common stock (3.3%), other (4.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
6449 Allen Road
West Chester, OH 45069
West Chester, OH 45069
Phone Number
(513) 755-5780
NAIC Number
16867
Website
Largest Affiliates
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