A
COPPERPOINT MUTUAL INS CO
Phoenix, AZ
Data as of
September 30, 2020
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.13
Risk Adjusted
Capital Ratio #2
1.02
Loss
Ratio
65.40%
Total
Assets
3.88B
Capital
1.39B
Net
Premiums
154.17M
Net
Income
163.66M
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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%)
Ratios
Premium to Surplus
15.9%
Reserve to Surplus
137.6%
1-Year Reserve Development
-2.8%
2-Year Reserve Development
-3.4%
Expense Ratio
40.1%
Combined Ratio
105.5%
Cash From Underwriting
75.7%
Net Premium Growth
-5.7%
Investments in Affiliates
35.3%
Corporate Info
Group Affiliation
CopperPoint Group
Investment Rating
--
Company Address
3030 N 3RD STREET
Phoenix, AZ 85012
Phone Number
(602) 631-2000
NAIC Number
14216
Largest Affiliates
B
Anchorage, AK - P&C
B
Thousand Oaks, CA - P&C
C
C
C
Weiss Ratings