Major Rating Factors:
History of adequate reserve strength (6.6 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent profitability index (8.9) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 12.1%. Excellent overall results on stability tests (8.2). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (96.5%), homeowners (0.5%), comm multi (0.2%), other (2.8%)
Licensed in:
FL, GA, HI, IN, MS, NC, OH, OK, TX, WA
Principal Investments:
Investment grade bonds (100.0%)
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
38784
Website
Largest Affiliates