Scottsdale Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall profitability index (6.6) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been excellent over the last five years averaging 17.0%. Good overall results on stability tests (6.1) despite excessive premium growth and negative cash flow from operations for 2023.
Other Rating Factors:
Strong long-term capitalization index (9.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.5) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (10.8%), personal/comm auto (4.7%), work comp (4.1%), homeowners (3.2%), fire (1.4%), product liab. (0.7%), other (75.0%)
Licensed in:
AZ, DE, OH
Principal Investments:
Investment grade bonds (65.9%), common stock (23.8%), non investment grade bonds (4.7%), other (5.5%)
Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
--
Company Address
18700 North Hayden Road
Scottsdale, AZ 85255
Scottsdale, AZ 85255
Phone Number
(480) 365-4000
NAIC Number
41297
Website
--
Largest Affiliates
