Major Rating Factors:
Good overall profitability index (6.6 on a scale of 0 to 10) with operating gains in each of the last five years. Return on equity has been fair, averaging 5.9% over the past five years. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.1) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.0). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (33.0%), work comp (23.7%), comm multi (5.7%), fin guar/surety (2.2%), fire (1.7%), other (33.6%)
Licensed in:
All states and PR, VI
Principal Investments:
Investment grade bonds (80.1%), common stock (14.5%), non investment grade bonds (1.1%), other (4.3%)
Corporate Info
Group Affiliation
Old Republic International Corporation
Investment Rating
Company Address
307 North Michigan Avenue
Chicago, IL 60601
Chicago, IL 60601
Phone Number
(312) 346-8100
NAIC Number
24139
Website
Largest Affiliates