Utah Business Ins Co
Major Rating Factors:
Poor long-term capitalization index (0.7 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 over the last two years. Weak profitability index (1.2) with operating losses during 2024 and 2025. Vulnerable liquidity (0.0) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (2.1) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2025. A history of deficient reserves (3.0) that places pressure on both capital and profits. In 2024 and 2025 the one year reserve development was 34.7% and 47.7% deficient respectively.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
L - Past results on our liquidity tests.
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 (69.0%), common stock (17.9%), cash (3.1%), other (10.1%)
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
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