Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent profitability index (9.4) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 24.8%. Excellent overall results on stability tests (8.0). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.4% of capital.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (97.4%), homeowners (0.3%), comm multi (0.1%), other (2.2%)
Licensed in:
All states except AL, CA, CT, FL, HI, IL, MA, ME, NC, ND, NH, NY, OK, PA, RI, VT, WY
Principal Investments:
Investment grade bonds (99.7%), non investment grade bonds (0.3%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
300 N. Commons Blvd.
Mayfield, OH 44143
Mayfield, OH 44143
Phone Number
(440) 461-5000
NAIC Number
42994
Website
Largest Affiliates