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). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.2). Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level. Fair profitability index (4.1) with operating losses during 2020, 2022 and 2023. Average return on equity over the last five years has been poor at -0.3%.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (48.9%), homeowners (33.2%), comm multi (11.9%), work comp (0.3%), farmowners (0.3%), fire (0.3%), med mal (0.1%), other (4.9%)
Licensed in:
All states except HI
Principal Investments:
Investment grade bonds (94.3%), non investment grade bonds (0.7%), other (4.9%)
Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
--
Company Address
One West Nationwide Boulevard
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(614) 435-2792
NAIC Number
23760
Website
--
Largest Affiliates