Major Rating Factors:
History of adequate reserve strength (6.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.4) despite. Stability strengths include good operational trends and good risk diversification. Strong long-term capitalization index (8.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (8.7) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 10.5%. Excellent liquidity (8.3) with ample operational cash flow and liquid investments.
Stability Factors:
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:
DE, GA, MD, NC, NJ, PA, SC, VA
Principal Investments:
Investment grade bonds (72.3%), common stock (12.4%), cash (0.3%), other (15.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
30 East State Street
Sharon, PA 16146
Sharon, PA 16146
Phone Number
(724) 704-7060
NAIC Number
12593
Website
Largest Affiliates
No affiliate information available.