Major Rating Factors:
Poor long-term capitalization index (1.7 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak profitability index (2.3) with operating losses during each of the last five years. However, profits have turned positive in the first three months of 2025. Average return on equity over the last five years has been poor at -30.5%. Vulnerable liquidity (0.7) as a spike in claims may stretch capacity.
Other Rating Factors:
Fair overall results on stability tests (4.5) including weak risk adjusted capital in prior years and negative cash flow from operations for 2024. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
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.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
AR, CO, IA, IL, KS, MO, NE, TN
Principal Investments:
Investment grade bonds (76.0%), cash (17.8%), other (6.3%)
Corporate Info
Group Affiliation
MEM Mutual Ins Co
Investment Rating
--
Company Address
101 North Keene Street
Columbia, MO 65201
Columbia, MO 65201
Phone Number
(573) 499-9714
NAIC Number
21776
Website
Largest Affiliates