C
COPPERPOINT GENERAL INS CO
PhoenixIL
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair profitability index (4.0 on a scale of 0 to 10) with operating losses during 2018, 2019 and 2021. Average return on equity over the last five years has been poor at -0.5%. Fair overall results on stability tests (3.2) including weak results on operational trends and negative cash flow from operations for 2022.
Other Rating Factors: Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) 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. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Work comp (100.0%)
Licensed in: AZ, CO, NV, NM, UT
Principal Investments: Investment grade bonds (70.8%), cash (2.3%), other (26.9%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
Corporate Info
Group Affiliation
CopperPoint Group
Investment Rating
--
Company Address
3030 N 3rd Street
Phoenix, AZ 85012
Phone Number
(414) 369-5033
NAIC Number
13043
Largest Affiliates
A
Phoenix, AZ - P&C
B
Anchorage, AK - P&C
C
Thousand Oaks, CA - P&C
U
C
Weiss Ratings