Major Rating Factors:
Weak profitability index (2.7 on a scale of 0 to 10) with operating losses during 2023, 2024 and the first six 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. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. 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