Major Rating Factors:
Fair profitability index (3.4 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023 and 2024. Average return on equity over the last five years has been poor at -2.6%. Fair overall results on stability tests (4.6) including. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
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