Utah Business Ins Co
Major Rating Factors:
Poor long-term capitalization index (1.7 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the fair range during the last year. Weak overall results on stability tests (2.5) including weak risk adjusted capital in prior years and weak risk diversification. Fair reserve development (4.9) as reserves have generally been sufficient to cover claims. In 2024 the one year reserve development was 34.7% deficient.
Other Rating Factors:
Fair profitability index (3.5) with operating losses during 2024 and the first three months of 2025. Return on equity has been low, averaging 3.9% over the past five years. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
MO, NV, UT
Principal Investments:
Investment grade bonds (79.8%), common stock (11.2%), cash (2.7%), other (6.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
10421 South Jordan Gateway Boulevard
South Jordan, UT 84095
South Jordan, UT 84095
Phone Number
(801) 889-1300
NAIC Number
12520
Website
Largest Affiliates
No affiliate information available.