Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair reserve development (4.5) 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.
Other Rating Factors:
Excellent profitability index (7.9). Excellent overall results on stability tests (7.6). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
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
Largest Affiliates