Major Rating Factors:
Fair reserve development (3.5 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 17.3% deficient. Fair overall results on stability tests (4.1) including weak risk adjusted capital in prior years. Strengths include potentially strong support from affiliation with Donegal Mutual Ins Co. Weak profitability index (2.6) with operating losses during each of the last five years.
Other Rating Factors:
Fair long-term capitalization index (3.1) based on fair current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2024. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
DC, DE, IA, MD, PA, VA, WI, WV
Principal Investments:
Investment grade bonds (70.6%), cash (23.8%), other (5.6%)
Corporate Info
Group Affiliation
Donegal Mutual Ins Co
Investment Rating
--
Company Address
1195 River Road
Marietta, PA 17547
Marietta, PA 17547
Phone Number
(717) 426-1931
NAIC Number
39900
Website
Largest Affiliates