Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall profitability index (5.1) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.5% over the past five years. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Superior liquidity (10.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (6.9) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Work comp (61.3%), personal/comm auto (35.5%), other (3.2%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (96.0%), non investment grade bonds (1.4%), cash (0.2%), other (2.4%)
Corporate Info
Group Affiliation
W R Berkley Corporation
Investment Rating
Company Address
11201 Douglas Ave.
Urbandale, IA 50322
Urbandale, IA 50322
Phone Number
(904) 363-0900
NAIC Number
10510
Website
Largest Affiliates