Major Rating Factors:
Strong long-term capitalization index (8.3 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (8.3). Stability strengths include excellent operational trends and excellent risk diversification. Good overall profitability index (6.9) with operating gains in each of the last five years. Return on equity has been fair, averaging 5.4% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (46.0%), personal/comm auto (21.9%), comm multi (16.7%), homeowners (6.2%), fire (0.2%), other (8.9%)
Licensed in:
GA, IA, IL, IN, KY, MA, MD, ME, MI, NC, NE, NH, OH, PA, RI, SC, TN, VA, VT, WI, WV
Principal Investments:
Investment grade bonds (52.1%), common stock (35.3%), cash (4.1%), real estate (2.7%), other (5.8%)
Corporate Info
Group Affiliation
Encova Mutual Ins Group Inc
Investment Rating
--
Company Address
471 East Broad Street
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(614) 225-8211
NAIC Number
14621
Website
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