Depositors 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 overall results on stability tests (4.5) including excessive premium growth, negative cash flow from operations for 2024 and weak results on operational trends. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.3% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (38.7%), homeowners (35.0%), comm multi (16.2%), work comp (2.4%), product liab. (0.5%), fire (0.2%), other (6.9%)
Licensed in:
All states except AK, HI, LA, MA, NH, NJ
Principal Investments:
Investment grade bonds (98.0%), other (2.0%)
Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
--
Company Address
1100 Locust Street
Des Moines, IA 50391
Des Moines, IA 50391
Phone Number
(515) 508-4211
NAIC Number
42587
Website
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