Major Rating Factors:
Good overall results on stability tests (5.3 on a scale of 0 to 10) despite. Stability strengths include good operational trends and good risk diversification. Fair profitability index (4.7) with operating losses during 2022 and the first three months of 2025. Return on equity has been low, averaging 1.9% over the past five years. Strong long-term capitalization index (8.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent liquidity (8.2) with ample operational cash flow and liquid investments.
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 (100.0%)
Licensed in:
MI
Principal Investments:
Investment grade bonds (78.0%), common stock (14.5%), cash (2.3%), preferred stock (2.0%), non investment grade bonds (0.8%), other (2.4%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
39500 High Pointe Boulevard
Novi, MI 48375
Novi, MI 48375
Phone Number
(248) 488-1172
NAIC Number
12824
Website
Largest Affiliates
No affiliate information available.