Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (9.3) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 22.9%. Excellent overall results on stability tests (6.9) despite. The largest net exposure for one risk is acceptable at 2.1% of capital.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.0%), other (1.0%)
Licensed in:
All states except AZ, FL, MI, NJ, TX
Principal Investments:
Investment grade bonds (91.9%), common stock (6.9%), non investment grade bonds (0.7%), real estate (0.3%), other (0.2%)
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
16322
Website
Largest Affiliates