Major Rating Factors:
Strong long-term capitalization index (8.5 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.3). Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.2) with operating losses during 2022 and 2023. Return on equity has been low, averaging 0.7% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (54.5%), homeowners (24.4%), comm multi (13.0%), work comp (2.4%), farmowners (1.2%), fire (0.9%), other (3.5%)
Licensed in:
AL, AZ, GA, IA, IL, IN, KS, KY, MD, MN, MO, MS, NC, OH, PA, SC, TN, UT, VA, WI, WV
Principal Investments:
Investment grade bonds (56.5%), common stock (25.3%), non investment grade bonds (3.7%), real estate (2.5%), preferred stock (0.9%), cash (0.9%), other (10.3%)
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
14060
Website
Largest Affiliates