Major Rating Factors:
Weak profitability index (2.7 on a scale of 0 to 10) with operating losses during 2020, 2021 and 2023. Average return on equity over the last five years has been poor at -0.0%. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (5.5) despite excessive premium growth and negative cash flow from operations for 2024. Stability strengths include good historical capital adequacy and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (8.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. 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.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (66.9%), personal/comm auto (11.2%), fire (0.4%), other (21.5%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (13.2%), cash (0.2%), other (86.6%)
Corporate Info
Group Affiliation
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Investment Rating
--
Company Address
7000 Midland Boulevard
Amelia, OH 45102
Amelia, OH 45102
Phone Number
--
NAIC Number
41998
Largest Affiliates