Work First Casualty Co
Major Rating Factors:
Good overall results on stability tests (5.9 on a scale of 0 to 10) despite. Stability strengths include good operational trends, good risk adjusted capital for prior years and good risk diversification. Strong long-term capitalization index (8.4) 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.
Other Rating Factors:
Excellent profitability index (8.8) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 15.8%. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
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 (99.6%), other (0.4%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (63.2%), common stock (5.6%), non investment grade bonds (4.6%), cash (1.5%), real estate (0.7%), other (24.4%)
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
No affiliate information available.