Founders Ins Co (IL)
Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) 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. Excellent profitability index (8.2) with operating gains in each of the last five years.
Other Rating Factors:
Excellent liquidity (7.7) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.0). 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 (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
180 Genesee Street
New Hartford, NY 13413
New Hartford, NY 13413
Phone Number
(847) 768-0040
NAIC Number
14249
Website
Largest Affiliates