Major Rating Factors:
Strong long-term capitalization index (8.9 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. Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (7.9). Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.3) with operating losses during 2022 and 2023. Return on equity has been low, averaging 0.7% over the past five years.
Stability Factors:
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 (53.7%), comm multi (28.7%), homeowners (6.0%), work comp (2.9%), fire (0.3%), other (8.3%)
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 (88.6%), common stock (7.9%), cash (0.7%), non investment grade bonds (0.7%), preferred stock (0.3%), other (1.9%)
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