Major Rating Factors:
Fair profitability index (3.4 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023 and 2024. Fair overall results on stability tests (4.4) including. The largest net exposure for one risk is conservative at 1.1% of capital. Good liquidity (5.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (40.5%), farmowners (27.6%), homeowners (26.0%), fire (4.1%), other (1.8%)
Licensed in:
AZ, CO, GA, IA, IL, IN, KS, MI, MN, ND, NE, NM, OH, SD, WI
Principal Investments:
Investment grade bonds (61.1%), common stock (28.4%), cash (8.4%), other (2.0%)
Corporate Info
Group Affiliation
Buckeye State Mutual Ins Co
Investment Rating
--
Company Address
One Heritage Place
Piqua, OH 45356
Piqua, OH 45356
Phone Number
(937) 778-5000
NAIC Number
16713
Website
Largest Affiliates