Major Rating Factors:
Fair profitability index (3.1 on a scale of 0 to 10) with operating losses during 2023 and the first nine months of 2024. Return on equity has been fair, averaging 7.2% over the past five years. Good liquidity (5.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.2) that can protect against increases in claims costs. Excellent overall results on stability tests (7.1). Strengths include potentially strong support from affiliation with ProAssurance Corporation, good operational trends and excellent risk diversification.
Stability Factors:
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 (68.8%), non investment grade bonds (5.4%), common stock (1.2%), preferred stock (0.8%), other (23.9%)
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