Work First Casualty Co
Major Rating Factors:
Strong long-term capitalization index (9.6 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Ample reserve history (9.5) that helps to protect the company against sharp claims increases. Excellent profitability index (8.8).
Other Rating Factors:
Excellent liquidity (7.1) with ample operational cash flow and liquid investments. Good overall results on stability tests (5.4) despite. Stability strengths include good historical capital adequacy and good risk diversification.
Stability Factors:
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 (99.1%), other (0.9%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (63.7%), non investment grade bonds (4.6%), cash (2.0%), real estate (0.7%), other (29.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1100 East 6600 South
Salt Lake City, UT 84121
Salt Lake City, UT 84121
Phone Number
(541) 248-5182
NAIC Number
31232
Website
Largest Affiliates
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