Major Rating Factors:
Strong long-term capitalization index (10.0 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 (7.0) that can protect against increases in claims costs. Excellent overall results on stability tests (7.3). Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.0% of capital.
Other Rating Factors:
Good overall profitability index (5.1) with small operating losses during 2023. Good liquidity (6.8) 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:
Comm multi (37.1%), personal/comm auto (33.1%), homeowners (7.7%), work comp (5.2%), product liab. (3.4%), fire (0.5%), other (12.8%)
Licensed in:
All states except AK, FL, HI, LA
Principal Investments:
Investment grade bonds (93.7%), non investment grade bonds (2.9%), cash (2.3%), other (1.1%)
Corporate Info
Group Affiliation
Central Mutual Holding Co
Investment Rating
--
Company Address
800 South Washington Street
Van Wert, OH 45891
Van Wert, OH 45891
Phone Number
(419) 238-1010
NAIC Number
20222
Website
Largest Affiliates