Major Rating Factors:
Vulnerable liquidity (2.9 on a scale of 0 to 10) as a spike in claims may stretch capacity. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.5) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.3% of capital.
Other Rating Factors:
Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent profitability index (9.3).
Stability Factors:
L - Past results on our liquidity tests.
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