D
EASTERN ALLIANCE INS CO
Data as of
March 31, 2022
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Weak overall results on stability tests (1.9 on a scale of 0 to 10) including potential drain of affiliation with ProAssurance Corp and weak results on operational trends. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors: Good overall profitability index (5.1). Fair expense controls. Return on equity has been good over the last five years, averaging 11.8%. Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors: R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Work comp (99.8%), other (0.2%)
Licensed in: All states except AK, CA, HI, ID, ND, OR, WA, WY, PR
Principal Investments: Investment grade bonds (61.8%), non investment grade bonds (10.6%), cash (3.2%), preferred stock (0.6%), other (23.9%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
ProAssurance Corp
Investment Rating
PRA
Company Address
25 Race Avenue
LANCASTER, PA 17603
Phone Number
(855) 533-3444
NAIC Number
10724
Largest Affiliates
C
San Francisco, CA - P&C
B
C
BIRMINGHAM, AL - P&C
C
Springfield, IL - P&C
Weiss Ratings