Major Rating Factors:
Good overall profitability index (6.3 on a scale of 0 to 10) with operating gains in each of the last five years. Return on equity has been fair, averaging 6.2% over the past five years. Fair reserve development (4.0) as reserves have generally been sufficient to cover claims. In 2020 the two year reserve development was 25.4% deficient. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020.
Other Rating Factors:
Excellent liquidity (7.9) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.4). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Product liab. (17.4%), personal/comm auto (12.0%), other (70.6%)
Licensed in:
All states except AK, NY
Principal Investments:
Investment grade bonds (76.9%), common stock (10.0%), cash (3.2%), preferred stock (3.1%), non investment grade bonds (1.3%), other (5.5%)
Corporate Info
Group Affiliation
American Financial Group Inc
Investment Rating
Company Address
100 S Cincinnati Ave
Tulsa, OK 74103
Tulsa, OK 74103
Phone Number
(918) 587-7221
NAIC Number
23418
Website
Largest Affiliates