Major Rating Factors:
Good overall results on stability tests (5.7 on a scale of 0 to 10) despite weak risk adjusted capital in prior years. Fair reserve development (4.8) as reserves have generally been sufficient to cover claims. Fair profitability index (3.9) with operating losses during 2021 and 2024.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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, CA, CO, HI, ME, MN, NH, NY, VA, VT
Principal Investments:
Common stock (58.0%), investment grade bonds (38.3%), cash (3.5%), other (0.2%)
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