Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2021 and 2022. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022.
Other Rating Factors:
Ample reserve history (9.6) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.3). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
All states except ND, OH, OR, WA, WY
Principal Investments:
Investment grade bonds (97.7%), cash (1.3%), other (1.0%)
Corporate Info
Group Affiliation
Maine Employers Mutual Ins Co
Investment Rating
--
Company Address
261 Commercial Street
Portland, ME 04101
Portland, ME 04101
Phone Number
(207) 791-3300
NAIC Number
14164
Website
Largest Affiliates