Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.8% over the past five years. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.9) including excessive premium growth and weak results on operational trends. Strengths include potentially strong support from affiliation with Cincinnati Financial Corporation.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (9.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (24.6%), work comp (22.9%), comm multi (22.8%), fire (3.5%), product liab. (1.7%), med mal (0.8%), other (23.7%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (66.1%), common stock (29.6%), cash (3.0%), non investment grade bonds (1.3%)
Corporate Info
Group Affiliation
Cincinnati Financial Corporation
Investment Rating
Company Address
6200 South Gilmore Road
Fairfield, OH 45014
Fairfield, OH 45014
Phone Number
(513) 870-2000
NAIC Number
23280
Website
Largest Affiliates