Major Rating Factors:
Good liquidity (6.1 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair overall results on stability tests (4.6) including negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 6.1% of capital. Strengths include potentially strong support from affiliation with Donegal Mutual Ins Co. Strong long-term capitalization index (8.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.5) that helps to protect the company against sharp claims increases. Excellent profitability index (7.4).
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (50.8%), homeowners (22.7%), work comp (11.4%), comm multi (10.4%), fire (1.3%), other (3.4%)
Licensed in:
DC, DE, GA, IA, IN, MD, ME, MI, NC, NE, NH, OH, PA, SC, TN, VA, VT, WI, WV
Principal Investments:
Investment grade bonds (91.1%), common stock (6.0%), cash (1.6%), non investment grade bonds (0.6%), other (0.7%)
Corporate Info
Group Affiliation
Donegal Mutual Ins Co
Investment Rating
--
Company Address
1195 River Road
Marietta, PA 17547
Marietta, PA 17547
Phone Number
(717) 426-1931
NAIC Number
14958
Website
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