WorkPartners National Inc
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.9) with small operating losses during 2024. Fair overall results on stability tests (3.3) including excessive premium growth and weak risk adjusted capital in prior years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
DC, DE, PA
Principal Investments:
Cash (97.4%), investment grade bonds (2.4%), other (0.1%)
Corporate Info
Group Affiliation
UPMC
Investment Rating
--
Company Address
600 Grant Street
Pittsburgh, PA 15219
Pittsburgh, PA 15219
Phone Number
(412) 434-1200
NAIC Number
16868
Website
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