Major Rating Factors:
Good overall results on stability tests (5.3 on a scale of 0 to 10) despite. The largest net exposure for one risk is high at 4.6% of capital. Strengths include potentially strong support from affiliation with Ohio Mutual Ins Group. Fair profitability index (3.8) with operating losses during 2022 and 2023. Average return on equity over the last five years has been poor at -0.2%. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (44.4%), personal/comm auto (33.9%), fire (8.6%), comm multi (6.1%), farmowners (4.4%), other (2.6%)
Licensed in:
CT, ME, NH, OH, RI, VT
Principal Investments:
Investment grade bonds (75.5%), common stock (13.9%), cash (0.5%), other (10.0%)
Corporate Info
Group Affiliation
Ohio Mutual Ins Group
Investment Rating
--
Company Address
1725 Hopley Avenue
Bucyrus, OH 44820
Bucyrus, OH 44820
Phone Number
(419) 562-3011
NAIC Number
25950
Website
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