Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.4) including excessive premium growth. Good profitability index (4.9) with operating losses during 2020. Excellent expense controls. Return on equity has been low, averaging 2.6% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (59.7%), comm multi (32.3%), homeowners (1.2%), fire (0.6%), other (6.1%)
Licensed in:
All states except CA, HI
Principal Investments:
Investment grade bonds (92.1%), cash (0.3%), other (7.6%)
Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
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Company Address
One West Nationwide Boulevard
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(614) 249-1545
NAIC Number
26093
Website
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Largest Affiliates