Major Rating Factors:
Strong long-term capitalization index (7.3 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (7.5). Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (3.3) with operating losses during 2021, 2022, 2023 and 2025.
Stability Factors:
F - Negative cash flow.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
AK, AZ, CA, CO, FL, HI, ID, IL, KS, LA, MO, MT, NM, NV, OK, OR, TX, UT, WA, WY
Principal Investments:
Investment grade bonds (74.9%), common stock (14.1%), cash (9.4%), non investment grade bonds (0.9%), other (0.7%)
Corporate Info
Group Affiliation
CopperPoint Mutual Ins Holding Co
Investment Rating
--
Company Address
3030 N 3rd Street
Phoenix, AZ 85012
Phoenix, AZ 85012
Phone Number
(602) 631-2000
NAIC Number
11555
Website
Largest Affiliates