Pacific Compensation Ins Co
Major Rating Factors:
Fair profitability index (3.4 on a scale of 0 to 10) with operating losses during 2020, 2021, 2022, 2023 and the first six months of 2024. Average return on equity over the last five years has been poor at -4.4%. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent liquidity (7.6) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.8). Strengths include potentially strong support from affiliation with CopperPoint Mutual Ins Holding Co, excellent operational trends and excellent risk diversification.
Stability Factors:
F - Negative cash flow.
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, HI, ID, IL, KS, LA, MO, MT, NM, NV, OK, OR, TX, UT, WA, WY
Principal Investments:
Investment grade bonds (78.6%), common stock (12.9%), cash (5.2%), non investment grade bonds (0.9%), other (2.4%)
Corporate Info
Group Affiliation
CopperPoint Mutual Ins Holding Co
Investment Rating
--
Company Address
3011 Townsgate Road
Thousand Oaks, CA 91361
Thousand Oaks, CA 91361
Phone Number
(818) 575-8500
NAIC Number
11555
Website
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