Major Rating Factors:
Good long-term capitalization index (6.5 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level. Fair liquidity (4.9) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.8) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.8% of capital. Excellent profitability index (8.7).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (97.5%), homeowners (0.3%), comm multi (0.2%), other (2.0%)
Licensed in:
All states except AL, CA, CT, FL, HI, IL, MA, ME, NC, ND, NH, NY, OK, PA, RI, VT, WY
Principal Investments:
Investment grade bonds (99.7%), non investment grade bonds (0.3%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
300 N. Commons Blvd.
Mayfield, OH 44143
Mayfield, OH 44143
Phone Number
(440) 461-5000
NAIC Number
42994
Website
Largest Affiliates