Union Ins Co of Providence
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8). Fair overall results on stability tests (4.7) including excessive premium growth. Strengths include potentially strong support from affiliation with Employers Mutual Casualty Co.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (18.6%), work comp (13.1%), fin guar/surety (9.9%), fire (9.9%), product liab. (8.0%), comm multi (4.1%), other (36.4%)
Licensed in:
All states except AK, CA, FL, HI, ME, ND, WV
Principal Investments:
Investment grade bonds (96.5%), other (3.5%)
Corporate Info
Group Affiliation
Employers Mutual Casualty Co
Investment Rating
--
Company Address
717 Mulberry Street
Des Moines, IA 50309
Des Moines, IA 50309
Phone Number
(515) 280-2511
NAIC Number
21423
Website
Largest Affiliates