Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2023 and 2024. Fair overall results on stability tests (4.1) including. The largest net exposure for one risk is conservative at 1.9% of capital. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (58.3%), work comp (19.8%), personal/comm auto (6.9%), product liab. (3.9%), other (11.1%)
Licensed in:
AL, DE, GA, KY, MD, NC, PA, SC, TN, VA, WV
Principal Investments:
Investment grade bonds (62.2%), common stock (22.8%), cash (14.0%), other (1.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
6606 West Broad Street
Richmond, VA 23230
Richmond, VA 23230
Phone Number
(804) 281-1525
NAIC Number
15709
Website
Largest Affiliates
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