Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2020, 2021 and 2024. Fair overall results on stability tests (3.7) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2024. Good long-term capitalization index (6.5) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2020.
Other Rating Factors:
History of adequate reserve strength (5.6) as reserves have been consistently at an acceptable level. Vulnerable liquidity (2.0) as a spike in claims may stretch capacity.
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
All states except AL, AR, CA, CO, HI, ME, MN, NH, NY, OR, VA, VT
Principal Investments:
Common stock (50.2%), investment grade bonds (42.4%), cash (6.7%), other (0.6%)
Corporate Info
Group Affiliation
AP Omaha National LLC
Investment Rating
--
Company Address
9110 West Dodge Road
Omaha, NE 68114
Omaha, NE 68114
Phone Number
(844) 761-8400
NAIC Number
16219
Website
Largest Affiliates