Major Rating Factors:
History of adequate reserve strength (6.0 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (8.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Excellent profitability index (8.6) with operating gains in each of the last five years.
Other Rating Factors:
Excellent liquidity (7.3) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.8). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Comm multi (26.1%), personal/comm auto (25.9%), fire (5.4%), other (42.7%)
Licensed in:
NC
Principal Investments:
Investment grade bonds (89.5%), common stock (5.1%), cash (0.7%), non investment grade bonds (0.4%), other (4.3%)
Corporate Info
Group Affiliation
Auto-Owners Ins Group
Investment Rating
--
Company Address
400 Commerce Court
Goldsboro, NC 27534
Goldsboro, NC 27534
Phone Number
(919) 759-3200
NAIC Number
42846
Website
Largest Affiliates