Major Rating Factors:
Strong long-term capitalization index (8.1 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. Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall profitability index (6.9) with small operating losses during 2020. Return on equity has been low, averaging 5.0% over the past five years. Good overall results on stability tests (6.5) despite.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (30.9%), work comp (26.7%), homeowners (24.7%), comm multi (9.7%), fire (0.4%), other (7.6%)
Licensed in:
GA, IA, IL, IN, KY, MA, MD, MI, MN, NC, NE, NH, OH, RI, SC, TN, VA, VT, WI, WV
Principal Investments:
Investment grade bonds (79.8%), common stock (14.8%), cash (0.5%), other (5.0%)
Corporate Info
Group Affiliation
Encova Mutual Ins Group Inc
Investment Rating
--
Company Address
471 East Broad Street
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(614) 225-8211
NAIC Number
19950
Website
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