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 (4.8) with small operating losses during 2023. Fair overall results on stability tests (3.6) including excessive premium growth and lack of operational experience.
Other Rating Factors:
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
AR, IA, IL, KS, MO, NE, TN
Principal Investments:
Investment grade bonds (92.3%), cash (3.0%), other (4.7%)
Corporate Info
Group Affiliation
MEM Mutual Ins Co
Investment Rating
--
Company Address
101 North Keene St.
Columbia, MO 65201
Columbia, MO 65201
Phone Number
(573) 499-9714
NAIC Number
17570
Website
Largest Affiliates