Major Rating Factors:
Weak overall results on stability tests (2.4 on a scale of 0 to 10) including potential drain of affiliation with Argo Group Intl Holdings Ltd and weak results on operational trends. History of adequate reserve strength (6.2) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (6.7). Good expense controls. Return on equity has been low, averaging 4.9% over the past five years. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (8.8) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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 (100.0%)
Licensed in:
PA
Principal Investments:
Investment grade bonds (94.6%), cash (3.2%), non investment grade bonds (0.3%), other (1.9%)
Corporate Info
Group Affiliation
Argo Group Intl Holdings Ltd
Investment Rating
Company Address
654 Main Street
ROCKWOOD, PA 15557
ROCKWOOD, PA 15557
Phone Number
(814) 926-4661x5203
NAIC Number
10726
Largest Affiliates
