Founders Ins Co (IL)
Major Rating Factors:
Good liquidity (6.7 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. 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. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent profitability index (8.2). Excellent overall results on stability tests (8.0). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (57.3%), comm multi (13.1%), work comp (5.0%), homeowners (4.7%), other (20.0%)
Licensed in:
AZ, HI, IA, IL, IN, MI, MN, OH, PA, TN, WI
Principal Investments:
Investment grade bonds (96.1%), common stock (2.8%), other (1.1%)
Corporate Info
Group Affiliation
Utica National Ins Group
Investment Rating
--
Company Address
1350 East Touhy Avenue
Des Plaines, IL 60018
Des Plaines, IL 60018
Phone Number
(847) 768-0040
NAIC Number
14249
Website
Largest Affiliates