Major Rating Factors:
Fair reserve development (3.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 17.2% deficient. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Excellent profitability index (9.0) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 24.3%.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (8.7). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (97.5%), comm multi (0.7%), other (1.9%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (96.1%), common stock (3.5%), non investment grade bonds (0.4%)
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
11770
Website
Largest Affiliates