Major Rating Factors:
Good long-term capitalization index (6.6 on a scale of 0 to 10) based on good current risk adjusted capital (moderate loss scenarios) reflecting improvement over results in 2023. Fair reserve development (3.8) as the level of reserves has at times been insufficient to cover claims. In 2022 and 2024 the two year reserve development was 15.1% and 20.0% deficient respectively. Fair profitability index (2.9) with operating losses during 2021, 2022, 2023 and 2025.
Other Rating Factors:
Fair overall results on stability tests (3.7) including weak risk adjusted capital in prior years and weak results on operational trends. Good liquidity (5.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
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:
AL, AR, AZ, CA, DC, FL, HI, IA, IL, KS, KY, LA, MA, MS, NC, ND, NE, NM, NY, OH, OK, RI, TN, TX, UT, WI, WV
Principal Investments:
Investment grade bonds (94.5%), cash (2.4%), non investment grade bonds (0.7%), other (2.4%)
Corporate Info
Group Affiliation
Pie Group Holdings Inc
Investment Rating
--
Company Address
159 North Sangamon Street
Chicago, IL 60601
Chicago, IL 60601
Phone Number
(855) 705-2716
NAIC Number
10997
Website
Largest Affiliates