Major Rating Factors:
Good liquidity (6.0 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 negative cash flow from operations for 2025. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (8.2). Excellent expense controls. Fair reserve development (4.7) as reserves have generally been sufficient to cover claims.
Stability Factors:
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 (51.9%), comm multi (32.3%), other (15.9%)
Licensed in:
All states except CA, HI, MA, NJ, NY, OR
Principal Investments:
Investment grade bonds (95.5%), cash (2.7%), other (1.8%)
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
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