Scottsdale Indemnity Co
Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 3.3% over the past five years. Good overall results on stability tests (5.5) despite excessive premium growth and negative cash flow from operations for 2023. Strengths include potentially strong support from affiliation with Nationwide Mutual Group. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (7.3%), comm multi (5.3%), homeowners (1.0%), fire (0.6%), product liab. (0.5%), other (85.4%)
Licensed in:
All states except AZ, DE, also licensed in GU, PR, VI
Principal Investments:
Investment grade bonds (98.4%), other (1.6%)
Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
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Company Address
18700 North Hayden Road
Scottsdale, AZ 85255
Scottsdale, AZ 85255
Phone Number
(480) 365-4000
NAIC Number
15580
Website
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Largest Affiliates