Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2021, 2022 and the first six months of 2025. Return on equity has been low, averaging 0.1% over the past five years. Fair overall results on stability tests (3.4) including negative cash flow from operations for 2024. Strong long-term capitalization index (8.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
CT
Principal Investments:
Investment grade bonds (78.6%), common stock (18.7%), cash (1.7%), other (0.9%)
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
No affiliate information available.