Major Rating Factors:
Good long-term capitalization index (6.0 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (6.2) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.7) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.1% of capital.
Other Rating Factors:
Excellent profitability index (9.6). Vulnerable liquidity (2.7) as a spike in claims may stretch capacity.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (99.2%), other (0.8%)
Licensed in:
All states except CA, FL, LA, MA, ME, MI, TN, TX
Principal Investments:
Investment grade bonds (99.9%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
300 N. Commons Blvd.
Mayfield, OH 44143
Mayfield, OH 44143
Phone Number
(440) 461-5000
NAIC Number
24279
Website
Largest Affiliates