Rating Date
October 2025
NAIC
Classification
Classification
Risk Adjusted
Capital Ratio #1
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Capital Ratio #2
Loss
Ratio
Ratio
Total
Assets
Assets
Capital
Net
Premiums
Premiums
Net
Income
Income
Major Rating Factors:
Good overall profitability index (5.2 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 3.2% over the past five years. Good overall results on stability tests (5.4) despite. Strong long-term capitalization index (9.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Superior liquidity (9.6) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (14.4%), comm multi (6.3%), personal/comm auto (4.3%), other (75.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (44.2%), common stock (36.5%), cash (16.6%), non investment grade bonds (0.3%), other (2.4%)
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
Old Republic International Corporation
Investment Rating
Company Address
307 North Michigan Avenue
Chicago, IL 60601
Chicago, IL 60601
Phone Number
(312) 346-8100
NAIC Number
31143
Website
Largest Affiliates