Major Rating Factors:
Fair reserve development (4.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.6) with operating losses during 2020 and 2023. Return on equity has been low, averaging 2.3% over the past five years. Fair liquidity (4.1) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.2) despite excessive premium growth. Stability strengths include good historical capital adequacy and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (51.4%), fire (20.3%), personal/comm auto (3.9%), other (24.3%)
Licensed in:
All states except NY
Principal Investments:
Investment grade bonds (14.0%), non investment grade bonds (0.5%), other (85.5%)
Corporate Info
Group Affiliation
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Investment Rating
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Company Address
7000 Midland Boulevard
Amelia, OH 45102
Amelia, OH 45102
Phone Number
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NAIC Number
42722
Largest Affiliates