Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Excellent liquidity (7.8) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.0). Stability strengths include excellent operational trends and excellent risk diversification.
Other Rating Factors:
History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Fair profitability index (4.8) with operating losses during 2023. Return on equity has been low, averaging 4.6% over the past five years.
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (42.9%), comm multi (33.6%), work comp (8.2%), homeowners (1.5%), fire (0.5%), other (13.2%)
Licensed in:
AL, AR, CO, GA, IA, IL, IN, KY, MI, MO, ND, NE, NV, OH, PA, SC, SD, UT, VA, WI
Principal Investments:
Investment grade bonds (82.7%), common stock (12.9%), non investment grade bonds (0.8%), cash (0.6%), preferred stock (0.4%), other (2.6%)
Corporate Info
Group Affiliation
Auto-Owners Ins Group
Investment Rating
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Company Address
6101 Anacapri Boulevard
Lansing, MI 48917
Lansing, MI 48917
Phone Number
(517) 323-1200
NAIC Number
26638
Website
Largest Affiliates