Major Rating Factors:
Strong long-term capitalization index (8.2 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.6). Stability strengths include excellent operational trends and excellent risk diversification.
Other Rating Factors:
Good overall profitability index (5.1) despite operating losses during 2021 and 2022. Return on equity has been low, averaging 3.0% over the past five years. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (42.8%), comm multi (25.6%), homeowners (14.9%), work comp (11.0%), farmowners (0.6%), fire (0.6%), other (4.5%)
Licensed in:
AZ, CO, CT, DC, DE, GA, IA, IL, IN, MD, ME, MI, NC, NE, NH, NM, OH, PA, SC, SD, TN, TX, UT, VA, VT, WI, WV
Principal Investments:
Investment grade bonds (90.4%), common stock (2.6%), cash (0.5%), non investment grade bonds (0.4%), other (6.1%)
Corporate Info
Group Affiliation
Donegal Mutual Ins Co
Investment Rating
--
Company Address
1195 River Road
Marietta, PA 17547
Marietta, PA 17547
Phone Number
(717) 426-1931
NAIC Number
22586
Website
Largest Affiliates