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 overall results on stability tests (5.0) despite. The largest net exposure for one risk is high at 5.0% of capital. Other stability subfactors include potentially strong support from affiliation with Grange Mutual Holding Co, good operational trends and excellent risk diversification. 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.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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