Westfield National Ins Co
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), despite some fluctuation in capital levels. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Fair profitability index (4.8) with small operating losses during 2022 and 2023. Return on equity has been low, averaging 3.4% over the past five years. Fair overall results on stability tests (4.6) including. The largest net exposure for one risk is excessive at 6.0% of capital.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (29.1%), comm multi (19.1%), homeowners (16.3%), farmowners (4.9%), fin guar/surety (2.2%), work comp (1.8%), fire (0.8%), other (25.8%)
Licensed in:
All states except AK, CT, HI, LA, MA, ME, NH, NJ, NY, OR, RI, VT
Principal Investments:
Investment grade bonds (77.2%), common stock (22.4%), non investment grade bonds (0.2%), other (0.2%)
Corporate Info
Group Affiliation
Ohio Farmers Ins Co
Investment Rating
--
Company Address
One Park Circle
Westfield Center, OH 44251
Westfield Center, OH 44251
Phone Number
(330) 887-0101
NAIC Number
24120
Largest Affiliates