Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.5) including excessive premium growth. Strengths include potentially strong support from affiliation with Evergreen Parent Gp LLC. Good overall profitability index (5.1). Excellent expense controls.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (8.4) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
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 (100.1%)
Licensed in:
All states except OR
Principal Investments:
Investment grade bonds (98.4%), cash (0.9%), other (0.7%)
Corporate Info
Group Affiliation
Evergreen Parent Gp LLC
Investment Rating
--
Company Address
59 Maiden Lane
New York, NY 10038
New York, NY 10038
Phone Number
(212) 220-7120
NAIC Number
12491
Website
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