COPPERPOINT MUTUAL INS CO
Major Rating Factors: Strong long-term capitalization (7.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2019. Ample reserve history (7.7) that can protect against increases in claims costs.
Other Rating Factors: Excellent liquidity (7.1) with ample operational cash flow and liquid investments. Good overall profitability index (5.7). Weak expense controls. Good overall results on stability tests (6.5). Stability strengths include good historical capital adequacy and excellent risk diversification.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Work comp (97.2%), personal/comm auto (1.7%), comm multi (1.0%)
Licensed in: AZ, CO, NV, NM, UT
Principal Investments: Investment grade bonds (47.6%), common stock (40.1%), real estate (0.8%), cash (0.6%), non investment grade bonds (0.2%), other (10.8%)