Major Rating Factors:
Strong long-term capitalization index (7.4 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.1) that helps to protect the company against sharp claims increases. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.4). Stability strengths include excellent operational trends and excellent risk diversification. Fair profitability index (4.4) with operating losses during 2022. Return on equity has been low, averaging 1.2% over the past five years.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (48.1%), homeowners (22.9%), comm multi (11.2%), farmowners (8.8%), fire (6.7%), other (2.3%)
Licensed in:
CT, IN, ME, NH, OH, RI, TN, VA, VT, WI
Principal Investments:
Common stock (78.1%), investment grade bonds (17.8%), real estate (1.4%), cash (0.3%), other (2.4%)
Corporate Info
Group Affiliation
Ohio Mutual Ins Group
Investment Rating
--
Company Address
1725 Hopley Avenue
Bucyrus, OH 44820
Bucyrus, OH 44820
Phone Number
(419) 562-3011
NAIC Number
10202
Website
Largest Affiliates