Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.7) 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 overall results on stability tests (7.9). Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.8) with operating losses during 2022 and 2023.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (24.6%), homeowners (17.4%), comm multi (8.2%), work comp (4.4%), farmowners (3.0%), fire (2.6%), fin guar/surety (1.2%), product liab. (0.9%), med mal (0.6%), other (37.2%)
Licensed in:
All states and GU, PR, VI
Principal Investments:
Investment grade bonds (39.2%), common stock (35.0%), non investment grade bonds (2.6%), real estate (0.6%), other (22.6%)
Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
--
Company Address
One West Nationwide Blvd
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(614) 249-1545
NAIC Number
23787
Website
Largest Affiliates