Major Rating Factors:
Good overall results on stability tests (6.6 on a scale of 0 to 10) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with WCF Mutual Ins Co, good operational trends and excellent risk diversification. Fair reserve development (4.0) as reserves have generally been sufficient to cover claims. Fair profitability index (4.1) with operating losses during 2022 and 2023.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (29.1%), comm multi (19.9%), personal/comm auto (5.3%), homeowners (1.8%), other (43.8%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (83.2%), common stock (16.4%), other (0.4%)
Corporate Info
Group Affiliation
WCF Mutual Ins Co
Investment Rating
--
Company Address
100 West Towne Ridge Parkway
Sandy, UT 84070
Sandy, UT 84070
Phone Number
(385) 351-8328
NAIC Number
40517
Website
Largest Affiliates