Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.8) including excessive premium growth. Strong long-term capitalization index (9.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent profitability index (7.5) with operating gains in each of the last five years. Excellent expense controls. Excellent liquidity (8.7) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
All states except ID, IL, MA, ME, MI, NY, OH, OR, VA, WA, WI
Principal Investments:
Investment grade bonds (71.6%), other (28.4%)
Corporate Info
Group Affiliation
Altaris LLC
Investment Rating
--
Company Address
150 Lake Street West
Wayzata, MN 55391
Wayzata, MN 55391
Phone Number
(952) 974-2200
NAIC Number
12200
Website
Largest Affiliates