Major Rating Factors:
Good liquidity (6.2 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair reserve development (4.7) as reserves have generally been sufficient to cover claims. Fair profitability index (3.6) with operating losses during 2022 and 2023.
Other Rating Factors:
Fair overall results on stability tests (4.4) including negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 6.5% of capital. Strengths include potentially strong support from affiliation with Grange Mutual Holding Co. Strong long-term capitalization index (9.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (37.7%), work comp (26.1%), personal/comm auto (24.2%), fire (0.9%), farmowners (0.8%), other (10.2%)
Licensed in:
IA, IL, MN, MO, OH, WI
Principal Investments:
Investment grade bonds (60.9%), common stock (35.0%), other (4.1%)
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
14303
Largest Affiliates