Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.7) with operating losses during 2020, 2021, 2022 and the first three months of 2025. Average return on equity over the last five years has been poor at -0.5%. Fair overall results on stability tests (4.6) including excessive premium growth. Strengths include potentially strong support from affiliation with CopperPoint Mutual Ins Holding Co.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
AK, AZ, CO, FL, HI, ID, IL, KS, LA, MO, MT, NM, NV, OK, TX, UT, WA, WY
Principal Investments:
Investment grade bonds (54.9%), cash (4.0%), other (41.1%)
Corporate Info
Group Affiliation
CopperPoint Mutual Ins Holding Co
Investment Rating
--
Company Address
3030 North Third Street
Phoenix, AZ 85012
Phoenix, AZ 85012
Phone Number
(602) 631-2000
NAIC Number
13210
Website
Largest Affiliates