Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent profitability index (8.9) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 11.5%.
Other Rating Factors:
Excellent liquidity (7.8) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.3). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (95.1%), comm multi (0.5%), homeowners (0.5%), other (4.0%)
Licensed in:
CO, FL, IA, IL, MD, MO, NE, OH, OR, WI, WY
Principal Investments:
Investment grade bonds (100.0%)
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
10194
Website
Largest Affiliates