Major Rating Factors:
Weak profitability index (2.7 on a scale of 0 to 10) with operating losses during 2023, 2024 and the first three months of 2025. Return on equity has been low, averaging 3.7% over the past five years. History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (99.9%)
Licensed in:
All states except AK, CA, HI, ID, ND, OR, WA, WY
Principal Investments:
Investment grade bonds (79.4%), common stock (1.4%), non investment grade bonds (0.8%), cash (0.3%), other (18.1%)
Corporate Info
Group Affiliation
ProAssurance Corporation
Investment Rating
Company Address
25 Race Avenue
Lancaster, PA 17603
Lancaster, PA 17603
Phone Number
(855) 533-3444
NAIC Number
10724
Website
Largest Affiliates