Major Rating Factors:
Fair overall results on stability tests (3.7 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 8.2% of capital. Strengths include potentially strong support from affiliation with Ohio Mutual Ins Group. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Weak profitability index (2.8) with operating losses during 2020, 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -16.4%.
Other Rating Factors:
Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. Ample reserve history (8.2) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (30.6%), homeowners (30.3%), farmowners (18.7%), comm multi (8.4%), fire (6.5%), other (5.6%)
Licensed in:
OH, WI
Principal Investments:
Investment grade bonds (83.8%), cash (2.7%), real estate (0.8%), common stock (0.4%), other (12.4%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Ohio Mutual Ins Group
Investment Rating
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Company Address
1725 Hopley Avenue
Bucyrus, OH 44820
Bucyrus, OH 44820
Phone Number
(419) 562-3011
NAIC Number
10719
Largest Affiliates