Major Rating Factors:
Good liquidity (6.6 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 (4.5) including. The largest net exposure for one risk is excessive at 6.2% of capital. Strengths include potentially strong support from affiliation with Donegal Mutual Ins Co. Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.6) that can protect against increases in claims costs. Excellent profitability index (7.9) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 14.2%.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (62.5%), homeowners (21.0%), work comp (6.0%), comm multi (5.4%), fire (1.5%), other (3.7%)
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 (90.3%), common stock (7.2%), cash (1.2%), non investment grade bonds (0.5%), other (0.9%)
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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