Major Rating Factors:
Strong long-term capitalization index (7.4 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.6) that helps to protect the company against sharp claims increases. Excellent profitability index (7.2) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 23.7%.
Other Rating Factors:
Excellent liquidity (7.8) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.2). Stability strengths include excellent operational trends and excellent risk diversification.
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 (100.0%)
Licensed in:
All states except CT, NJ, OH, also licensed in VI
Principal Investments:
Investment grade bonds (75.9%), common stock (19.9%), other (4.2%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
AMERISAFE Inc
Investment Rating
Company Address
2301 Highway 190 West
DeRidder, LA 70634
DeRidder, LA 70634
Phone Number
(800) 256-9052
NAIC Number
31895
Website
Largest Affiliates