Major Rating Factors:
Poor long-term capitalization index (2.4 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2024. Weak profitability index (1.4) with operating losses during 2022 and 2023. Fair reserve development (4.0) as the level of reserves has at times been insufficient to cover claims. In 2022 and 2023 the one year reserve development was 50.4% and 102.4% deficient respectively.
Other Rating Factors:
Fair overall results on stability tests (4.4) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2025. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
PA
Principal Investments:
Investment grade bonds (75.6%), common stock (13.5%), non investment grade bonds (8.0%), cash (0.1%), other (2.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
100 Lackawanna Avenue
Scranton, PA 18503
Scranton, PA 18503
Phone Number
(570) 963-4635
NAIC Number
27677
Largest Affiliates
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