Major Rating Factors:
Poor long-term capitalization index (2.0 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. Vulnerable liquidity (2.8) as a spike in claims may stretch capacity. Fair profitability index (3.4) with operating losses during 2021, 2022 and 2023.
Other Rating Factors:
Fair overall results on stability tests (4.1) including excessive premium growth, weak risk adjusted capital in prior years and weak results on operational trends. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
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 (53.7%), common stock (23.1%), cash (15.3%), other (7.8%)
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
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