Major Rating Factors:
Fair profitability index (3.7 on a scale of 0 to 10) with operating losses during 2021, 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -1.0%. Strong long-term capitalization index (8.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.4) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.3). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
OR
Principal Investments:
Investment grade bonds (74.6%), common stock (10.8%), non investment grade bonds (3.4%), real estate (1.7%), cash (0.8%), other (8.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
400 High St SE
Salem, OR 97312
Salem, OR 97312
Phone Number
(503) 373-8000
NAIC Number
36196
Website
Largest Affiliates
No affiliate information available.