Major Rating Factors:
Good overall results on stability tests (6.6 on a scale of 0 to 10) despite negative cash flow from operations for 2024. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. Fair reserve development (4.7) as reserves have generally been sufficient to cover claims. Fair profitability index (4.7) with operating gains in each of the last five years. Return on equity has been low, averaging 3.4% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (17.9%), comm multi (9.8%), work comp (9.2%), other (63.1%)
Licensed in:
AK, AZ, DC, DE, GA, IA, IL, IN, KS, KY, MI, MN, MO, MS, MT, NC, ND, NE, NM, NV, OR, PA, TX, UT, WI
Principal Investments:
Common stock (58.8%), investment grade bonds (33.3%), cash (2.5%), non investment grade bonds (0.2%), other (5.2%)
Corporate Info
Group Affiliation
Old Republic International Corporation
Investment Rating
Company Address
307 North Michigan Avenue
Chicago, IL 60601
Chicago, IL 60601
Phone Number
(312) 346-8100
NAIC Number
40789
Website
Largest Affiliates