Major Rating Factors:
Good overall profitability index (5.5 on a scale of 0 to 10) despite operating losses during 2021, 2022 and the first three months of 2025. Return on equity has been low, averaging 1.9% over the past five years. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.5) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent liquidity (7.3) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.7). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (90.7%), common stock (6.9%), cash (1.0%), non investment grade bonds (0.3%), other (1.1%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Maine Employers Mutual Ins Co
Investment Rating
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Company Address
261 Commercial Street
Portland, ME 04101
Portland, ME 04101
Phone Number
(207) 791-3300
NAIC Number
11030
Website
Largest Affiliates