Major Rating Factors:
Weak profitability index (1.3 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Vulnerable liquidity (0.0) as a spike in claims may stretch capacity. Fair overall results on stability tests (3.8) including weak risk adjusted capital in prior years and weak results on operational trends.
Other Rating Factors:
Good long-term capitalization index (5.3) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2023. History of adequate reserve strength (6.4) as reserves have been consistently at an acceptable level.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.9%), homeowners (0.1%)
Licensed in:
All states except ID, KS, MA, ME, MI, MN, NJ, NY, RI, SD, VT, WI, WY
Principal Investments:
Investment grade bonds (42.2%), cash (9.7%), other (48.1%)
Corporate Info
Group Affiliation
Root Inc
Investment Rating
Company Address
80 East Rich Street
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(866) 980-9431
NAIC Number
10974
Website
Largest Affiliates