Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.6) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2024. Good overall profitability index (6.3) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 3.3% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (8.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (74.8%), personal/comm auto (4.2%), product liab. (0.2%), other (20.9%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (70.3%), cash (3.0%), other (26.7%)
Corporate Info
Group Affiliation
Everest Group Ltd
Investment Rating
Company Address
100 Everest Way
Warren, NJ 07059
Warren, NJ 07059
Phone Number
(908) 604-3000
NAIC Number
16045
Largest Affiliates