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First Security Ratings and Company Information
Best Insurance Reports: 02379
Best Rating: A
Type of Insurance Company: Property and Casualty
Name of Parent Company:
Ohio Casualty Group
Company History: Ohio Security Insurance Company was incorporated in 1950 and became a part of the Ohio Casualty Group in 1962. The ultimate parent of the group of companies is a publicly traded holding company, Ohio Casualty Corporation. Ohio Security's business is largely (95%) from workers' compensation with most of the remaining premiums coming from private passenger auto liability insurance. Ohio Security's direct premiums written in 2005 totaled $16.3 million with Pennsylvania accounting for 23.7%, Maryland 23.0%, Illinois 8.2%, North Carolina 7.7%, and Connecticut and Virginia each about 7%. The six insurance subsidiaries of the Ohio Casualty Group provide a full array of property and casualty products which are sold through about 3,400 independent insurance agents. Sales are mainly in the midwest and mid-Atlantic states.
Principle Sales Methods: The six insurance subsidiaries of the Ohio Casualty Group provide a full array of property and casualty products which are sold through about 3,400 independent insurance agents. Sales are mainly in the midwest and mid-Atlantic states.
Auto Business: Approximately 5% of Ohio Security's business comes from Private Passenger Auto Liability insurance.
Company Financial Status:
Ticker Symbol: OCAS
Assets & Premiums: Ohio Casualty had revenues of $1.7 billion in 2006 and assets at the end of 2006 year of $5.7 billion.
Lines of Insurance:
States licensed to sell insurance in:
AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS, MO, MT, NE, NV, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV, WI, WY