Major Rating Factors:
Fair profitability index (4.8 on a scale of 0 to 10) with small operating losses during 2023. Return on equity has been low, averaging 1.0% over the past five years. Fair overall results on stability tests (3.6) including. The largest net exposure for one risk is acceptable at 2.9% of capital. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Superior liquidity (9.6) 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:
Farmowners (46.8%), personal/comm auto (38.5%), homeowners (12.3%), fire (2.0%), other (0.5%)
Licensed in:
IN, OH
Principal Investments:
Investment grade bonds (88.1%), cash (6.2%), other (5.7%)
Corporate Info
Group Affiliation
Buckeye State Mutual Ins Co
Investment Rating
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Company Address
One Heritage Place
Piqua, OH 45356
Piqua, OH 45356
Phone Number
(937) 778-5000
NAIC Number
17639
Website
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Largest Affiliates