Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.5) including excessive premium growth and weak results on operational trends. Good profitability index (4.9) with operating losses during 2020. Excellent expense controls. Return on equity has been low, averaging 3.9% over the past five years.
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:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (55.5%), homeowners (42.2%), work comp (0.6%), comm multi (0.5%), other (1.2%)
Licensed in:
All states except HI, LA, WI
Principal Investments:
Investment grade bonds (95.9%), other (4.1%)
Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
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Company Address
One West Nationwide Boulevard
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(614) 249-1545
NAIC Number
37877
Website
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Largest Affiliates