Major Rating Factors:
Fair reserve development (4.7 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.2) with operating losses during 2020, 2021 and 2023. Return on equity has been fair, averaging 9.2% over the past five years. Good overall results on stability tests (5.4) despite excessive premium growth and negative cash flow from operations for 2024. Stability strengths include good historical capital adequacy and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.3% of capital.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (76.8%), comm multi (40.8%), work comp (6.3%), fire (2.6%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (66.7%), cash (0.4%), other (32.9%)
Corporate Info
Group Affiliation
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Investment Rating
--
Company Address
7000 Midland Boulevard
Amelia, OH 45102
Amelia, OH 45102
Phone Number
--
NAIC Number
23450
Largest Affiliates