Major Rating Factors:
Weak profitability index (2.1 on a scale of 0 to 10) with operating losses during 2021. Weak overall results on stability tests (1.9) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2025. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (8.5) 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:
AZ, NV, UT
Principal Investments:
Investment grade bonds (92.4%), cash (4.3%), other (3.3%)
Corporate Info
Group Affiliation
Barrett Business Services Inc
Investment Rating
Company Address
20860 North Tatum Boulevard
Phoenix, AZ 85050
Phoenix, AZ 85050
Phone Number
(480) 999-2654
NAIC Number
13601
Website
Largest Affiliates
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