United Financial Insurance Company
United Financial Insurance Company
6300 Wilson Mills Road
Cleveland, Ohio 44143
United Financial Casualty Insurance Company is a private stock company headquartered in Cleveland, Ohio. It was established in 1937 and incorporated on June 13, 1984. The Company has assets of $1.8 billion dollars, capital of $3 million dollars and net surplus of $348 million dollars. The largest shares of the Company’s premiums are distributed as follows: 31% are from New York, 15% from Washington, 14% from Maine and 10% coming from South Carolina. The company has approximate annual sales of over $1 million dollars.
United Financial Casualty Company is a member of the Progressive Group of Companies headed by the Progressive Corporation, a publicly traded folding company under the NYSE ticker symbol, PGR. The Company is categorized under Marine, Fire, Direct Property and Casualty Insurance and is licensed to operate nationwide. United Financial Casualty Company also sells home, automobile, watercraft and business insurance.
The Company markets their products through two distribution channels. The direct business is conducted online or by phone, and the agency business operates through more than 30,000 independent agents and brokers. The Internet is used in the promotion, advertising and marketing of these products (www.progressive.com). The Company uses a unique Geographic Location Identification (GLI) system recognizing the location of potential and existing customers to deliver a more personalized approach. Potential clients can select from a wide range of products being offered by the United Financial Casualty based on their ability to pay and their individual needs. United Financial Security Insurance also follows the marketing concept of the Progressive Group of Companies of offering both quotes of competitors along with theirs.
In December of 2009, A.M. Best affirmed an FSR (Financial Strength Rating) “A+” (Superior) rating to United Financial Casualty Insurance Company. The Company was also issued an “aa” (ICR) Issuer Credit Rating with a stable outlook for both ratings. Fitch also considers the Company as one of the strongest underwriters among major property and casualty insurance companies in the United States. The outstanding end excellent reviews given to United Financial Casualty Insurance Company offer strong indications that the company has the capacity to meet all its financial obligations
Michael William Bissler is the President of United Financial Casualty Insurance Company. Kevin Patrick Maher serves as Treasurer and Patricia Mitchell Corwin is the Secretary. Glenn M. Renwick is the President and Chief Executive Officer of the Progressive Group of Companies with Peter B. Lewis serving as Chairman of the Board. John Barbagallo serves as the Progressive Group’s Commercial Lines President and the Chief Investment Officer is Bill Cody.
United Financial Casualty Insurance Company’s also follows Progressive’s vision of Integrity in adhering to the highest levels of ethical and moral standards in providing complete and accurate financial reporting, welcoming disagreements and disclosing of bad news in all transactions they engage in. The Company relentlessly strives to better their performance in order to exceed the high expectations of its shareholders and stakeholders. United Financial believes that their expanding business and growing profits reflect their policyholders increasing positive outlook of the Company.