Major Rating Factors:
Strong long-term capitalization index (8.3 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. Excellent overall results on stability tests (8.6). Stability strengths include excellent operational trends and excellent risk diversification.
Other Rating Factors:
Good overall profitability index (5.1) despite operating losses during 2022 and 2023. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (41.7%), homeowners (32.1%), comm multi (8.4%), fire (7.5%), work comp (1.1%), farmowners (0.2%), 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 (51.8%), common stock (38.3%), real estate (0.7%), non investment grade bonds (0.5%), preferred stock (0.2%), other (8.5%)
Corporate Info
Group Affiliation
Auto-Owners Ins Group
Investment Rating
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Company Address
6101 Anacapri Boulevard
Lansing, MI 48917
Lansing, MI 48917
Phone Number
(517) 323-1200
NAIC Number
18988
Website
Largest Affiliates