Major Rating Factors:
History of adequate reserve strength (5.9 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 (7.5) 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 (8.9) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 21.3%. Excellent overall results on stability tests (7.7). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.7% of capital.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.2%), other (0.8%)
Licensed in:
HI, IA, IL, ME, NC, NE, NH, OH, OR, VA, WI, WY
Principal Investments:
Investment grade bonds (97.8%), non investment grade bonds (2.2%)
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
21727
Website
Largest Affiliates