Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.9) with operating gains in each of the last five years. Return on equity has been low, averaging 1.3% over the past five years. Fair overall results on stability tests (4.3) including excessive premium growth.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
All states except CO, CT, DC, FL, GA, ID, LA, MI, MO, MS, NC, NH, NJ, NY, WI
Principal Investments:
Investment grade bonds (100.0%)
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
12879
Website
Largest Affiliates