Major Rating Factors:
Fair profitability index (4.4 on a scale of 0 to 10) with operating losses during 2023 and 2024. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.2) despite. Stability strengths include good operational trends and good risk diversification.
Other Rating Factors:
Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
AL, FL, GA, MS, NC, SC, TN, VA
Principal Investments:
Investment grade bonds (77.9%), common stock (18.4%), cash (1.9%), other (1.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
5430 Wada Park Blvd
Raleigh, NC 27607
Raleigh, NC 27607
Phone Number
(919) 755-5790
NAIC Number
10941
Website
Largest Affiliates
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