Major Rating Factors:
Good overall results on stability tests (5.4 on a scale of 0 to 10) despite 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. Fair reserve development (4.7) as reserves have generally been sufficient to cover claims. Fair profitability index (3.2) with operating losses during 2020, 2021 and 2023.
Other Rating Factors:
Strong long-term capitalization index (9.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. Vulnerable liquidity (0.0) as a spike in claims may stretch capacity.
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
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