Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9). Excellent expense controls. Good overall results on stability tests (6.1) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with Nationwide Mutual Group, good operational trends and excellent risk diversification.
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. 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.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
All states except AK, CA, FL, HI, LA, NY
Principal Investments:
Investment grade bonds (83.6%), common stock (14.6%), cash (0.1%), other (1.7%)
Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
--
Company Address
One West Nationwide Boulevard
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(614) 249-1545
NAIC Number
42889
Website
Largest Affiliates