Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (6.3) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent profitability index (8.9) with operating gains in each of the last five years. Excellent expense controls. Excellent liquidity (7.9) 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:
Comm multi (54.8%), personal/comm auto (23.0%), work comp (12.6%), other (9.6%)
Licensed in:
CT, DE, GA, MA, MD, NC, NH, NJ, NY, OH, PA, SC, TN, TX, VA
Principal Investments:
Investment grade bonds (97.2%), cash (1.0%), other (1.8%)
Corporate Info
Group Affiliation
Utica National Ins Group
Investment Rating
--
Company Address
Two Easton Oval
Columbus, OH 43219
Columbus, OH 43219
Phone Number
(800) 598-8422
NAIC Number
13998
Website
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