Major Rating Factors:
Good overall profitability index (5.5 on a scale of 0 to 10) despite operating losses during 2022 and 2023. Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.0) despite. The largest net exposure for one risk is high at 5.0% of capital. Strengths include potentially strong support from affiliation with Ohio Mutual Ins Group.
Other Rating Factors:
Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (42.5%), personal/comm auto (34.0%), fire (10.2%), comm multi (5.9%), farmowners (4.8%), other (2.7%)
Licensed in:
CT, ME, NH, OH, RI, VT
Principal Investments:
Investment grade bonds (77.7%), common stock (13.8%), other (8.5%)
Corporate Info
Group Affiliation
Ohio Mutual Ins Group
Investment Rating
--
Company Address
1725 Hopley Avenue
Bucyrus, OH 44820
Bucyrus, OH 44820
Phone Number
(419) 562-3011
NAIC Number
25950
Website
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