Major Rating Factors:
Fair overall results on stability tests (4.0 on a scale of 0 to 10) including negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. Good overall profitability index (6.0) with small operating losses during 2023 and the first six months of 2025. Return on equity has been fair, averaging 8.9% over the past five years. Good long-term capitalization index (6.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020.
Other Rating Factors:
Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
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:
(No states)
Principal Investments:
Investment grade bonds (62.4%), common stock (34.3%), cash (1.8%), other (1.5%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
600 TownPark Lane, NW
Kennesaw, GA 30144
Kennesaw, GA 30144
Phone Number
(678) 298-1880
NAIC Number
13071
Website
Largest Affiliates
No affiliate information available.