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 (4.6) with operating losses during 2022. Return on equity has been low, averaging 1.7% over the past five years. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
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. 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.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (79.3%), homeowners (7.7%), work comp (4.2%), fin guar/surety (1.4%), other (7.4%)
Licensed in:
CT, DE, FL, GA, MA, MD, ME, NC, NH, NY, PA, RI, SC, TN, VA, VT
Principal Investments:
Investment grade bonds (85.5%), other (14.5%)
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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