Major Rating Factors:
History of adequate reserve strength (6.0 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.2). Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (3.8) with operating losses during 2020, 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -3.2%.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (63.4%), homeowners (29.8%), comm multi (2.0%), work comp (0.8%), farmowners (0.3%), fire (0.2%), med mal (0.1%), other (3.4%)
Licensed in:
All states except HI, LA
Principal Investments:
Investment grade bonds (93.8%), other (6.2%)
Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
--
Company Address
One West Nationwide Boulevard
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(614) 249-1545
NAIC Number
25453
Website
Largest Affiliates