Old Dominion Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.2) with operating losses during 2022. Good overall results on stability tests (5.9) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with American Family Ins Group, good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (61.8%), homeowners (5.5%), work comp (2.6%), fin guar/surety (2.5%), other (27.7%)
Licensed in:
CT, DE, FL, GA, MA, MD, ME, NC, NH, NY, PA, RI, SC, TN, VA, VT
Principal Investments:
Investment grade bonds (99.7%), other (0.3%)
Corporate Info
Group Affiliation
American Family Ins Group
Investment Rating
--
Company Address
4601 Touchton Road, East
Jacksonville, FL 32246
Jacksonville, FL 32246
Phone Number
(800) 207-0446
NAIC Number
40231
Website
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