Major Rating Factors:
Fair reserve development (4.5 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent profitability index (7.9) with operating gains in each of the last five years.
Other Rating Factors:
Excellent liquidity (7.5) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.6). Strengths include potentially strong support from affiliation with Auto-Owners Ins Group, good operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (26.6%), personal/comm auto (25.5%), fire (4.5%), other (43.4%)
Licensed in:
NC
Principal Investments:
Investment grade bonds (90.9%), common stock (4.9%), cash (2.5%), non investment grade bonds (0.2%), other (1.6%)
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
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