Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9). Excellent expense controls. Good overall results on stability tests (6.3) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with Evergreen Parent Gp LLC, good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
Work comp (85.8%), personal/comm auto (8.5%), comm multi (5.2%), other (0.6%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (99.8%), cash (0.2%)
Corporate Info
Group Affiliation
Evergreen Parent Gp LLC
Investment Rating
--
Company Address
4455 LBJ Freeway
Dallas, TX 75244
Dallas, TX 75244
Phone Number
(800) 777-2249
NAIC Number
15954
Website
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