Accident Ins Co
Major Rating Factors:
Fair reserve development (3.1 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In 2025 and 2024 the one year reserve development was 15.5% and 22.8% deficient respectively. Fair profitability index (3.3) with operating losses during 2025. Fair overall results on stability tests (3.5) including excessive premium growth, weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2025.
Other Rating Factors:
Poor long-term capitalization index (0.9) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. Vulnerable liquidity (0.7) as a spike in claims may stretch capacity.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
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 (64.0%), personal/comm auto (21.1%), other (14.9%)
Licensed in:
AL, AR, AZ, DC, FL, GA, IL, IN, KY, LA, MD, MO, MS, MT, NE, NH, NM, NV, OK, SC, TN, TX, UT, WV, WY
Principal Investments:
Cash (40.5%), investment grade bonds (23.1%), common stock (5.8%), other (30.5%)
Corporate Info
Group Affiliation
Accident Ins Holding Co Inc
Investment Rating
--
Company Address
7100 Menaul Boulevard, NE
Albuquerque, NM 87110
Albuquerque, NM 87110
Phone Number
(800) 896-6884
NAIC Number
11573
Website
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