Major Rating Factors:
Strong long-term capitalization index (8.4 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 profitability index (7.6) with small operating losses during 2024.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.8). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Work comp (41.5%), personal/comm auto (22.5%), comm multi (18.6%), homeowners (9.0%), fire (0.3%), other (8.1%)
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 (50.8%), common stock (35.1%), non investment grade bonds (3.8%), cash (3.4%), real estate (2.3%), other (4.6%)
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
Largest Affiliates