Laundry Owners Mutual Liab Ins
Major Rating Factors:
Fair profitability index (4.8 on a scale of 0 to 10) with operating losses during 2022 and the first three months of 2025. Return on equity has been low, averaging 2.9% over the past five years. Fair overall results on stability tests (3.4) including negative cash flow from operations for 2024. 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:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent liquidity (7.2) 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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
PA
Principal Investments:
Investment grade bonds (91.1%), cash (4.2%), other (4.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
701 Rodi Road
Pittsburgh, PA 15235
Pittsburgh, PA 15235
Phone Number
(412) 825-5415
NAIC Number
27529
Website
Largest Affiliates
No affiliate information available.