Major Rating Factors:
Strong long-term capitalization index (8.3 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Excellent liquidity (8.6) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification. Good overall profitability index (5.7) despite operating losses during 2023. Return on equity has been fair, averaging 5.4% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (48.0%), comm multi (20.6%), personal/comm auto (15.3%), product liab. (9.3%), other (6.8%)
Licensed in:
DC, FL, GA, MD, MS, NC, SC, TN, VA, WI
Principal Investments:
Investment grade bonds (64.8%), common stock (14.0%), cash (5.3%), other (15.9%)
Corporate Info
Group Affiliation
Builders Mutual Ins Co
Investment Rating
--
Company Address
5580 Centerview Drive
Raleigh, NC 27606
Raleigh, NC 27606
Phone Number
(919) 845-1976
NAIC Number
10844
Website
Largest Affiliates