Major Rating Factors:
Fair profitability index (3.0 on a scale of 0 to 10) with operating losses during 2022 and 2023. Return on equity has been low, averaging 1.2% over the past five years. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.0) including. The largest net exposure for one risk is excessive at 5.1% of capital. Strengths include potentially strong support from affiliation with Grange Mutual Holding Co.
Other Rating Factors:
Strong long-term capitalization index (8.4) 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.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (38.2%), comm multi (24.7%), work comp (18.2%), homeowners (9.1%), fire (0.7%), farmowners (0.6%), other (8.4%)
Licensed in:
IA, IL, MN, MO, OH, WI
Principal Investments:
Investment grade bonds (80.7%), common stock (17.6%), other (1.7%)
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