Major Rating Factors:
Weak profitability index (2.8 on a scale of 0 to 10) with operating losses during 2020, 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -100.2%. Fair overall results on stability tests (4.6) including excessive premium growth and weak risk adjusted capital in prior years. Good long-term capitalization index (5.7) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2021.
Other Rating Factors:
History of adequate reserve strength (6.8) as reserves have been consistently at an acceptable level. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (99.9%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (43.6%), cash (37.0%), other (19.4%)
Corporate Info
Group Affiliation
Root Inc
Investment Rating
Company Address
80 East Rich Street
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(866) 980-9431
NAIC Number
24503
Website
Largest Affiliates