B
Waypoint Mutual
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
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Major Rating Factors: Good liquidity (6.7 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.1) despite. Stability strengths include excellent operational trends and good risk diversification. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors: Ample reserve history (7.1) that can protect against increases in claims costs. Fair profitability index (4.6) with operating losses during 2022. Return on equity has been low, averaging 3.1% over the past five years.
Stability Factors: L - Past results on our liquidity tests. R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business: Work comp (100.0%)
Licensed in: All states except AK, CA, CT, DC, DE, HI, MA, MD, ME, MI, ND, NH, NJ, NY, OH, PA, RI, VT, WA, WY
Principal Investments: Investment grade bonds (67.7%), common stock (24.9%), cash (3.8%), other (3.6%)
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Investments in Affiliates
Corporate Info
Group Affiliation
Waypoint Mutual
Investment Rating
--
Company Address
1100 Walnut Street
Kansas City, MO 64106
Phone Number
(816) 474-7799
NAIC Number
13126
Largest Affiliates
B
Kansas City, MO - P&C
B
Kansas City, MO - P&C