Major Rating Factors:
Fair long-term capitalization index (4.1 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level. Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.5) despite negative cash flow from operations for 2025, excessive premium growth and fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. Weak profitability index (2.7) with operating losses during 2022, 2023, 2024 and 2025.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (49.0%), common stock (39.2%), cash (3.4%), other (8.3%)
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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