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%)
Corporate Info
Group Affiliation
CopperPoint Group
Investment Rating
--
Company Address
3030 N 3rd Street
Phoenix, AZ 85012
Phoenix, AZ 85012
Phone Number
(602) 631-2240
NAIC Number
13043
Website
Largest Affiliates
