Major Rating Factors:
Fair profitability index (3.3 on a scale of 0 to 10) with operating losses during 2022, 2023 and 2024. Good long-term capitalization index (6.3) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2019. History of adequate reserve strength (6.6) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.7) despite excessive premium growth and fair risk adjusted capital in prior years.
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 (100.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (44.1%), common stock (38.9%), cash (2.2%), other (14.8%)
Corporate Info
Group Affiliation
CAN
Investment Rating
--
Company Address
1020 Highland Colony Parkway
Ridgeland, MS 39157
Ridgeland, MS 39157
Phone Number
(601) 853-4949
NAIC Number
11208
Website
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