Major Rating Factors:
Fair profitability index (4.8 on a scale of 0 to 10) with modest operating losses during the first six months of 2025. Return on equity has been low, averaging 2.0% over the past five years. Fair overall results on stability tests (3.3) including. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. 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.
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 (97.3%), other (2.7%)
Licensed in:
IN, MI
Principal Investments:
Investment grade bonds (80.6%), common stock (16.1%), cash (1.9%), other (1.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
603 South Washington Avenue
Lansing, MI 48933
Lansing, MI 48933
Phone Number
(517) 372-5656
NAIC Number
12471
Largest Affiliates
No affiliate information available.