Major Rating Factors:
Fair reserve development (3.4 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the one year reserve development was 38.6% deficient. Fair profitability index (3.6) with operating losses during 2020, 2022 and 2024. Fair overall results on stability tests (3.5) including excessive premium growth and weak results on operational trends.
Other Rating Factors:
Fair long-term capitalization index (4.8) based on weak current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
CA, NV, OR, WA
Principal Investments:
Investment grade bonds (52.2%), cash (47.0%), other (0.9%)
Corporate Info
Group Affiliation
AP Omaha National LLC
Investment Rating
--
Company Address
9110 W Dodge Road
Omaha, NE 68114
Omaha, NE 68114
Phone Number
(844) 761-8400
NAIC Number
32107
Website
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