Westfield Ins Co
Major Rating Factors:
Strong long-term capitalization index (8.6 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.8). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.6% of capital.
Other Rating Factors:
Good overall profitability index (5.6) despite operating losses during 2022. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (23.5%), comm multi (19.2%), homeowners (9.4%), farmowners (6.6%), fin guar/surety (4.5%), work comp (1.6%), fire (1.1%), product liab. (0.2%), other (34.0%)
Licensed in:
All states except CA, also licensed in PR
Principal Investments:
Investment grade bonds (61.5%), common stock (16.3%), non investment grade bonds (0.3%), other (21.8%)
Corporate Info
Group Affiliation
Ohio Farmers Ins Co
Investment Rating
--
Company Address
One Park Circle
Westfield Center, OH 44251
Westfield Center, OH 44251
Phone Number
(800) 243-0210
NAIC Number
24112
Largest Affiliates