Major Rating Factors:
Good overall results on stability tests (5.3 on a scale of 0 to 10) despite negative cash flow from operations for 2024. Stability strengths include excellent operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.8% of capital. Fair profitability index (4.5) with operating losses during 2022 and 2024. Return on equity has been low, averaging 1.9% over the past five years. Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (38.6%), work comp (15.8%), fire (1.2%), other (44.3%)
Licensed in:
AZ, CA, CO, ID, MT, OR, UT, WA
Principal Investments:
Investment grade bonds (41.4%), common stock (15.4%), cash (2.8%), preferred stock (1.8%), non investment grade bonds (1.1%), other (37.5%)
Corporate Info
Group Affiliation
Rothschild International Corporation
Investment Rating
--
Company Address
7245 W Marginal Way SW
Seattle, WA 98106
Seattle, WA 98106
Phone Number
(206) 763-8620
NAIC Number
41580
Website
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