Major Rating Factors:
Fair reserve development (3.3 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In 2023 and 2024 the two year reserve development was 18.6% and 29.3% deficient respectively. Fair profitability index (3.7) with operating losses during 2022 and 2023. Good long-term capitalization index (6.5) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2023.
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 (7.5). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (98.9%), other (1.1%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (99.1%), non investment grade bonds (0.9%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
300 N. Commons Blvd.
Mayfield, OH 44143
Mayfield, OH 44143
Phone Number
(440) 461-5000
NAIC Number
15643
Website
Largest Affiliates