Major Rating Factors:
Good overall profitability index (6.4 on a scale of 0 to 10) despite operating losses during 2022. Good overall results on stability tests (6.7) despite. Strong long-term capitalization index (9.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.2) 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.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (55.5%), homeowners (32.3%), work comp (5.0%), comm multi (2.1%), fire (0.6%), other (4.5%)
Licensed in:
IA, IL, IN, KY, MN, OH, PA, TN, VA, WI, WV
Principal Investments:
Investment grade bonds (89.9%), common stock (2.5%), other (7.5%)
Corporate Info
Group Affiliation
Encova Mutual Ins Group Inc
Investment Rating
--
Company Address
471 East Broad Street
Columbus, OH 43215
Columbus, OH 43215
Phone Number
(614) 225-8211
NAIC Number
40932
Website
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