B
PACIFIC COMPENSATION INS CO
Data as of
June 30, 2021
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during the first six months of 2021. Return on equity has been low, averaging 0.7% over the past five years. Fair overall results on stability tests (3.5).
Other Rating Factors: Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. 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 (7.0) that can protect against increases in claims costs.
Stability Factors: R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Work comp (100.0%)
Licensed in: AK, AZ, CA, CO, ID, NV, NM, OR, UT
Principal Investments: Investment grade bonds (80.4%), common stock (11.5%), cash (1.0%), non investment grade bonds (0.4%), other (6.6%)
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
Corporate Info
Group Affiliation
Alleghany Corp Group
Investment Rating
--
Company Address
1 Baxter Way Suite 170
Thousand Oaks, CA 91361
Phone Number
(818) 575-8500
NAIC Number
11555
Largest Affiliates
A
Phoenix, AZ - P&C
B
Anchorage, AK - P&C
U
C
C
Weiss Ratings