Major Rating Factors:
Good overall profitability index (5.2 on a scale of 0 to 10) despite operating losses during 2021 and 2022. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.6) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (8.3). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (90.2%), common stock (7.4%), cash (0.8%), non investment grade bonds (0.3%), other (1.2%)
Corporate Info
Group Affiliation
Maine Employers Mutual Ins Co
Investment Rating
--
Company Address
261 Commercial Street
Portland, ME 04101
Portland, ME 04101
Phone Number
(207) 791-3300
NAIC Number
11030
Website
Largest Affiliates