Major Rating Factors:
Good long-term capitalization index (6.1 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.5) despite negative cash flow from operations for 2024. Excellent profitability index (8.1) with operating gains in each of the last five years.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
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
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