Major Rating Factors:
History of adequate reserve strength (5.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.5) despite negative cash flow from operations for 2024.
Other Rating Factors:
Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent profitability index (8.1) with operating gains in each of the last five years.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (46.1%), comm multi (27.9%), fin guar/surety (1.8%), personal/comm auto (0.6%), other (23.6%)
Licensed in:
All states except CA, HI, MA, NJ, NY, OR
Principal Investments:
Investment grade bonds (97.9%), cash (0.6%), other (1.6%)
Corporate Info
Group Affiliation
Builders Ins Mutual Holding Co
Investment Rating
--
Company Address
2859 Paces Ferry Road, SE
Atlanta, GA 30339
Atlanta, GA 30339
Phone Number
(678) 309-4000
NAIC Number
16632
Website
Largest Affiliates