Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.1) despite weak results on operational trends and negative cash flow from operations for 2022.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Ample reserve history (7.5) that can protect against increases in claims costs. Excellent profitability (8.5) with operating gains in each of the last five years.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (72.1%), comm multi (16.0%), work comp (4.0%), homeowners (0.8%), farmowners (0.3%), fire (0.2%), other (6.6%)
Licensed in:
AL, AR, CO, GA, IL, IN, IA, KY, MI, MO, NE, NV, ND, OH, PA, SC, SD, UT, VA, WI
Principal Investments:
Investment grade bonds (85.9%), common stock (11.0%), non investment grade bonds (1.0%), preferred stock (0.5%), other (1.6%)
Corporate Info
Group Affiliation
Auto-Owners Group
Investment Rating
--
Company Address
6101 ANACAPRI BOULEVARD
LANSING, MI 48917
LANSING, MI 48917
Phone Number
(517) 323-1200
NAIC Number
26638
Website
Largest Affiliates
