Major Rating Factors:
Strong long-term capitalization index (8.2 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (8.0). Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.1) with operating losses during 2022 and 2023. Return on equity has been low, averaging 1.5% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (45.2%), homeowners (29.3%), comm multi (8.3%), fire (6.8%), work comp (1.3%), fin guar/surety (0.1%), other (8.9%)
Licensed in:
All states except AK, CA, CT, DC, DE, HI, LA, MA, MD, ME, MT, NH, NJ, NY, OK, RI, TX, VT, WV, WY
Principal Investments:
Investment grade bonds (47.5%), common stock (42.2%), real estate (0.9%), non investment grade bonds (0.3%), preferred stock (0.2%), other (8.9%)
Corporate Info
Group Affiliation
Auto-Owners Ins Group
Investment Rating
--
Company Address
6101 Anacapri Boulevard
Lansing, MI 48917
Lansing, MI 48917
Phone Number
(517) 323-1200
NAIC Number
18988
Website
Largest Affiliates