Safety First Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In 2024 and 2023 the two year reserve development was 18.9% and 20.9% deficient respectively. Fair long-term capitalization index (4.3) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Good overall profitability index (6.3) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been fair, averaging 5.1% over the past five years.
Other Rating Factors:
Good overall results on stability tests (6.3) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.1% of capital. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (98.6%), fin guar/surety (1.4%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (79.1%), cash (0.3%), other (20.5%)
Corporate Info
Group Affiliation
Tokio Marine Holdings Inc
Investment Rating
--
Company Address
1832 Schuetz Road
Saint Louis, MO 63146
Saint Louis, MO 63146
Phone Number
(888) 995-5300
NAIC Number
11123
Website
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