Major Rating Factors:
History of adequate reserve strength (6.1 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Excellent profitability index (9.2).
Other Rating Factors:
Excellent overall results on stability tests (7.6). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.5% of capital. Vulnerable liquidity (1.2) as a spike in claims may stretch capacity.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (99.2%), other (0.8%)
Licensed in:
HI, IA, IL, ME, NC, NE, NH, OH, OR, VA, WI, WY
Principal Investments:
Investment grade bonds (97.7%), non investment grade bonds (2.3%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
300 N. Commons Blvd.
Mayfield, OH 44143
Mayfield, OH 44143
Phone Number
(440) 461-5000
NAIC Number
21727
Website
Largest Affiliates