Major Rating Factors:
Fair long-term capitalization index (4.5 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Fair profitability index (4.2) with operating losses during 2022 and 2023. Fair overall results on stability tests (3.4) including excessive premium growth.
Other Rating Factors:
Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (9.5) that helps to protect the company against sharp claims increases.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
IL, TN
Principal Investments:
Investment grade bonds (76.4%), common stock (17.5%), cash (4.3%), other (1.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2302 Clearlake Boulevard
Champaign, IL 61822
Champaign, IL 61822
Phone Number
(217) 403-4900
NAIC Number
10751
Website
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