Major Rating Factors:
Strong long-term capitalization index (8.1 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (7.7). Stability strengths include good operational trends and excellent risk diversification. Good overall profitability index (6.7) with operating gains in each of the last five years. Return on equity has been low, averaging 3.7% over the past five years.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (67.6%), comm multi (8.7%), personal/comm auto (2.4%), homeowners (0.9%), other (20.5%)
Licensed in:
UT
Principal Investments:
Investment grade bonds (62.0%), common stock (16.3%), non investment grade bonds (4.4%), real estate (1.4%), cash (0.5%), other (15.4%)
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
10033
Website
Largest Affiliates