Accident Ins Co
Major Rating Factors:
Fair reserve development (3.8 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In 2024 the one year reserve development was 22.8% deficient. Fair profitability index (4.4) with operating losses during 2020. Average return on equity over the last five years has been poor at -1.8%. Good overall results on stability tests (5.2) despite excessive premium growth, weak risk adjusted capital in prior years and negative cash flow from operations for 2024. Stability strengths include good operational trends and good risk diversification.
Other Rating Factors:
Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (92.8%), personal/comm auto (0.4%), other (6.8%)
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 (34.4%), investment grade bonds (21.2%), other (44.4%)
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
Largest Affiliates