Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.7) with operating losses during 2023, 2024 and 2025. Fair overall results on stability tests (3.8) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2025.
Other Rating Factors:
Strong long-term capitalization index (9.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (99.4%), personal/comm auto (0.6%)
Licensed in:
All states except FL, HI
Principal Investments:
Common stock (37.7%), investment grade bonds (28.5%), cash (5.7%), non investment grade bonds (0.3%), other (27.8%)
Corporate Info
Group Affiliation
MGT Partners Inc
Investment Rating
--
Company Address
1905 Sherman Street
Denver, CO 80203
Denver, CO 80203
Phone Number
(303) 351-2691
NAIC Number
16203
Website
Largest Affiliates