Major Rating Factors:
Good long-term capitalization index (5.1 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the weak range during the last year. Fair profitability index (4.5) with operating losses during 2024 and the first six months of 2025. Return on equity has been low, averaging 3.1% over the past five years. Fair overall results on stability tests (3.7) including weak risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.1% of capital.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
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 (44.1%), fire (29.2%), personal/comm auto (6.6%), other (20.0%)
Licensed in:
PA
Principal Investments:
Investment grade bonds (76.5%), common stock (10.8%), non investment grade bonds (1.1%), cash (0.9%), real estate (0.1%), other (10.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
424 Jefferson Avenue
Scranton, PA 18510
Scranton, PA 18510
Phone Number
(717) 344-1152
NAIC Number
28550
Website
Largest Affiliates
No affiliate information available.