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 and weak results on operational trends. Fair profitability index (3.8). Fair expense controls. Return on equity has been fair, averaging 12.5% over the past five years.
Other Rating Factors:
Fair liquidity (3.8) as cash resources may not be adequate to cover 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. Ample reserve history (8.5) that helps to protect the company against sharp claims increases.
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 (99.8%), other (0.2%)
Licensed in:
All states except AK, CA, HI, ID, ND, OR, WA, WY, PR
Principal Investments:
Investment grade bonds (64.0%), non investment grade bonds (8.8%), preferred stock (0.7%), common stock (0.1%), other (26.4%)
Corporate Info
Group Affiliation
ProAssurance Corp
Investment Rating
Company Address
25 Race Avenue
LANCASTER, PA 17603
LANCASTER, PA 17603
Phone Number
(414) 369-5033
NAIC Number
10724
Website
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