Major Rating Factors:
Good overall profitability index (5.3 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 4.4% over the past five years. Fair reserve development (4.1) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.4) including excessive premium growth. Strengths include potentially strong support from affiliation with Encova Mutual Ins Group Inc.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
IA, IL, ND, NE, OH, SD
Principal Investments:
Investment grade bonds (77.6%), other (22.4%)
Corporate Info
Group Affiliation
Encova Mutual Ins Group Inc
Investment Rating
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Company Address
471 East Broad Street
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(614) 225-8211
NAIC Number
31577
Website
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Largest Affiliates