Major Rating Factors:
Strong long-term capitalization index (7.4 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 (9.3) that helps to protect the company against sharp claims increases. Excellent profitability index (8.0) with operating gains in each of the last five years.
Other Rating Factors:
Superior liquidity (9.1) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.2). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
AZ, CO, MO, NM, NV, UT, WY
Principal Investments:
Investment grade bonds (48.8%), common stock (35.2%), cash (0.7%), non investment grade bonds (0.3%), other (15.1%)
Corporate Info
Group Affiliation
CopperPoint Mutual Ins Holding Co
Investment Rating
--
Company Address
3030 N. 3rd Street
Phoenix, AZ 85012
Phoenix, AZ 85012
Phone Number
(602) 631-2300
NAIC Number
14216
Website
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