Accident Ins Co
Major Rating Factors:
Fair reserve development (4.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2023 the two year reserve development was 15.4% deficient. Fair profitability index (4.6) with operating losses during 2020. Average return on equity over the last five years has been poor at -2.1%. Fair overall results on stability tests (3.2) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2024.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
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:
AL, AR, AZ, DC, GA, IL, IN, KY, LA, MD, MO, MS, MT, NE, NH, NM, NV, OK, SC, TN, TX, UT, WV, WY
Principal Investments:
Cash (36.5%), investment grade bonds (22.6%), other (40.9%)
Corporate Info
Group Affiliation
Accident Ins Holding Co Inc
Investment Rating
--
Company Address
2155 Louisiana Boulevard, NE
Albuquerque, NM 87110
Albuquerque, NM 87110
Phone Number
(800) 896-6884
NAIC Number
11573
Website
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