Major Rating Factors:
Poor long-term capitalization index (0.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (2.5). Underreserving can have an adverse impact on capital and profits. In 2022 and 2023 the one year reserve development was 19.5% and 193.7% deficient respectively. Weak overall results on stability tests (1.3) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2024.
Other Rating Factors:
Fair profitability index (3.0). Excellent liquidity (8.4) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
ID
Principal Investments:
Investment grade bonds (44.8%), cash (43.7%), common stock (11.3%), real estate (0.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1901 Idaho Street
Lewiston, ID 83501
Lewiston, ID 83501
Phone Number
(208) 743-3701
NAIC Number
34576
Website
Largest Affiliates
No affiliate information available.