Rating Date
June 2026
NAIC
Classification
Classification
Risk Adjusted
Capital Ratio #1
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Capital Ratio #2
Loss
Ratio
Ratio
Total
Assets
Assets
Capital
Net
Premiums
Premiums
Net
Income
Income
Major Rating Factors:
Fair profitability index (3.3 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2025. Fair overall results on stability tests (3.8) including weak results on operational trends and negative cash flow from operations for 2025. The largest net exposure for one risk is acceptable at 2.7% of capital. 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.
Other Rating Factors:
Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Superior liquidity (10.0) 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 (100.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (63.8%), cash (3.2%), preferred stock (1.0%), non investment grade bonds (0.9%), other (31.1%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
--
Corporate Info
Group Affiliation
Apollo Global Management Inc
Investment Rating
Company Address
242 Trumbull Street
Hartford, CT 06103
Hartford, CT 06103
Phone Number
(860) 404-9181
NAIC Number
24899
Website
Largest Affiliates