Major Rating Factors:
Good long-term capitalization index (5.8 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Fair profitability index (3.3) with operating losses during 2021, 2022 and 2023. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (8.2). Strengths include potentially strong support from affiliation with Auto-Owners Ins Group, excellent operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Personal/comm auto (48.1%), comm multi (16.0%), work comp (1.4%), homeowners (1.0%), other (33.6%)
Licensed in:
FL, MI
Principal Investments:
Investment grade bonds (93.1%), common stock (4.6%), non investment grade bonds (0.5%), preferred stock (0.3%), cash (0.2%), other (1.2%)
Corporate Info
Group Affiliation
Auto-Owners Ins Group
Investment Rating
--
Company Address
6101 Anacapri Boulevard
Lansing, MI 48917
Lansing, MI 48917
Phone Number
(517) 323-1200
NAIC Number
10190
Website
Largest Affiliates