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). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Excellent overall results on stability tests (7.4). Stability strengths include good operational trends and excellent risk diversification. History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good profitability index (4.9) with operating losses during 2021, 2022 and 2023. Good liquidity (6.9) 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 (59.8%), homeowners (31.4%), comm multi (3.3%), work comp (1.0%), farmowners (0.3%), fire (0.2%), fin guar/surety (0.1%), other (3.8%)
Licensed in:
All states except HI, LA
Principal Investments:
Investment grade bonds (98.3%), other (1.7%)
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
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