C
OHIO CASUALTY INS CO
BostonIL
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair overall results on stability tests (3.8 on a scale of 0 to 10) including potential drain of affiliation with Liberty Mutual Group and weak results on operational trends. The largest net exposure for one risk is acceptable at 2.5% of capital. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level.
Other Rating Factors: Good overall profitability index (6.4). Fair expense controls. Return on equity has been low, averaging 4.7% over the past five years. Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Fin guar/surety (14.4%), comm multi (13.5%), personal/comm auto (6.3%), work comp (4.2%), farmowners (0.9%), product liab. (0.3%), fire (0.2%), other (60.1%)
Licensed in: All states except PR
Principal Investments: Investment grade bonds (61.3%), non investment grade bonds (6.7%), common stock (1.6%), other (30.4%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Liberty Mutual Group
Investment Rating
--
Company Address
100 Liberty Way
Dover, NH 3820
Phone Number
(617) 357-9500
NAIC Number
24074
Largest Affiliates
B
Boston, MA - P&C
B
Dover, NH - P&C
B
Wausau, WI - P&C
B
B
Weiss Ratings