Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.9% over the past five years. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.2) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 6.1% of capital. Strengths include potentially strong support from affiliation with Grange Mutual Holding Co.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.4) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (36.7%), personal/comm auto (35.9%), homeowners (16.3%), work comp (5.6%), farmowners (1.0%), fire (0.7%), other (3.7%)
Licensed in:
MI, OH
Principal Investments:
Investment grade bonds (97.2%), other (2.8%)
Corporate Info
Group Affiliation
Grange Mutual Holding Co
Investment Rating
--
Company Address
671 South High Street
Columbus, OH 43206
Columbus, OH 43206
Phone Number
(614) 445-2900
NAIC Number
11136
Website
Largest Affiliates