Major Rating Factors:
Fair long-term capitalization index (4.4 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. Fair overall results on stability tests (4.9) including fair risk adjusted capital in prior years. Weak profitability index (2.9) with operating losses during 2023, 2024 and the first six months of 2025. Return on equity has been low, averaging 4.2% over the past five years.
Other Rating Factors:
History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (99.9%)
Licensed in:
All states except AK, CA, HI, ID, ND, OR, WA, WY
Principal Investments:
Investment grade bonds (94.2%), other (5.8%)
Corporate Info
Group Affiliation
ProAssurance Corporation
Investment Rating
Company Address
25 Race Avenue
Lancaster, PA 17603
Lancaster, PA 17603
Phone Number
(855) 533-3444
NAIC Number
11242
Website
Largest Affiliates