Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2021 and 2022. Fair overall results on stability tests (3.4) including negative cash flow from operations for 2025. Strong long-term capitalization index (8.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
CT
Principal Investments:
Investment grade bonds (77.7%), common stock (19.8%), cash (1.2%), other (1.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
350 Church Street
Hartford, CT 06103
Hartford, CT 06103
Phone Number
(860) 244-1900
NAIC Number
11171
Website
Largest Affiliates
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