C
Eastern Alliance Ins Co
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
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Capital
Net
Premiums
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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%)
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Reserve to Surplus
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Investments in Affiliates
Corporate Info
Group Affiliation
ProAssurance Corporation
Investment Rating
PRA
Company Address
25 Race Avenue
Lancaster, PA 17603
Phone Number
(855) 533-3444
NAIC Number
10724
Largest Affiliates
B
Birmingham, AL - P&C
B
San Francisco, CA - P&C
B
Franklin, TN - P&C
C
Birmingham, AL - P&C
C
Chantilly, VA - P&C