Major Rating Factors:
Weak overall results on stability tests (1.9 on a scale of 0 to 10) including potential drain of affiliation with ProAssurance Corp. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (5.1). Fair expense controls. Return on equity has been good over the last five years, averaging 11.7%. Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
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 (99.8%), other (0.2%)
Licensed in:
All states except AK, CA, HI, ID, ND, OR, WA, WY, PR
Principal Investments:
Investment grade bonds (61.8%), non investment grade bonds (10.6%), cash (3.2%), preferred stock (0.6%), other (23.9%)
Corporate Info
Group Affiliation
ProAssurance Corp
Investment Rating
Company Address
25 Race Avenue
LANCASTER, PA 17603
LANCASTER, PA 17603
Phone Number
(855) 533-3444
NAIC Number
10724
Website
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