Major Rating Factors:
Good liquidity (6.7 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (3.6) with operating losses during 2022 and 2023. Average return on equity over the last five years has been poor at -0.1%. Strong long-term capitalization index (8.9) 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 (7.0) as reserves have been consistently at an acceptable level. Excellent overall results on stability tests (8.1). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (54.0%), comm multi (28.6%), homeowners (4.9%), work comp (3.5%), fire (0.3%), other (8.6%)
Licensed in:
All states except AK, CA, CT, DC, DE, HI, LA, MA, MD, ME, MT, NH, NJ, NY, OK, RI, TX, VT, WV, WY
Principal Investments:
Investment grade bonds (86.9%), common stock (8.6%), cash (0.8%), non investment grade bonds (0.8%), preferred stock (0.4%), other (2.5%)
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
32700
Website
Largest Affiliates