Major Rating Factors:
Good long-term capitalization index (6.4 on a scale of 0 to 10) based on good current risk adjusted capital (moderate loss scenarios), although results have slipped from the fair range during the last year. Fair profitability index (4.4) with operating losses during 2024. Fair overall results on stability tests (3.9) including weak risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.8% of capital.
Other Rating Factors:
Good liquidity (5.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (8.2) that helps to protect the company against sharp claims increases.
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.
Principal Lines of Business:
Work comp (43.2%), fire (30.6%), personal/comm auto (6.5%), other (19.6%)
Licensed in:
PA
Principal Investments:
Investment grade bonds (82.8%), common stock (8.2%), cash (1.8%), non investment grade bonds (1.1%), other (6.1%)
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
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