Major Rating Factors:
Fair profitability index (4.8 on a scale of 0 to 10) with operating losses during 2020, 2021 and 2022. Fair overall results on stability tests (3.9) including excessive premium growth. The largest net exposure for one risk is high at 3.5% of capital. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level.
Other Rating Factors:
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 (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
CO, ID, MT, OR, WA
Principal Investments:
Investment grade bonds (64.6%), common stock (33.8%), cash (1.6%)
Corporate Info
Group Affiliation
COPIC Trust
Investment Rating
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Company Address
7351 East Lowry Boulevard
Denver, CO 80230
Denver, CO 80230
Phone Number
(206) 343-7300
NAIC Number
10942
Website
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Largest Affiliates