Major Rating Factors:
Good overall profitability index (6.2 on a scale of 0 to 10). Good overall results on stability tests (6.5) despite. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. Strong long-term capitalization index (9.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020.
Other Rating Factors:
Superior liquidity (10.0) with ample operational cash flow and liquid investments. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (9.2%), personal/comm auto (4.2%), comm multi (1.9%), other (84.7%)
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:
Investment grade bonds (80.6%), common stock (15.8%), cash (1.0%), other (2.6%)
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
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