Major Rating Factors:
Strong long-term capitalization index (9.7 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Ample reserve history (9.6) that helps to protect the company against sharp claims increases. Excellent liquidity (8.8) with ample operational cash flow and liquid investments.
Other Rating Factors:
Good overall profitability index (6.7). Good overall results on stability tests (6.3) despite excessive premium growth, negative cash flow from operations for 2025 and fair risk adjusted capital in prior years.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (56.4%), personal/comm auto (2.4%), other (41.2%)
Licensed in:
All states except HI, MI, WA
Principal Investments:
Investment grade bonds (63.7%), common stock (24.8%), non investment grade bonds (0.7%), other (10.8%)
Corporate Info
Group Affiliation
Old Republic International Corporation
Investment Rating
Company Address
307 North Michigan Avenue
Chicago, IL 60601
Chicago, IL 60601
Phone Number
(312) 346-8100
NAIC Number
35424
Website
Largest Affiliates