Major Rating Factors:
A history of deficient reserves (2.1 on a scale of 0 to 10). Underreserving can have an adverse impact on capital and profits. In 2024 the two year reserve development was 182.7% deficient. Fair profitability index (3.1) with operating losses during 2023 and 2025. Fair overall results on stability tests (3.9) including weak results on operational trends, fair risk adjusted capital in prior years and excessive premium growth.
Other Rating Factors:
Fair long-term capitalization index (4.5) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (99.1%), personal/comm auto (0.9%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (94.8%), cash (2.6%), other (2.6%)
Corporate Info
Group Affiliation
Pie Group Holdings Inc
Investment Rating
--
Company Address
4449 Easton Way
Columbus, OH 43219
Columbus, OH 43219
Phone Number
(855) 705-2716
NAIC Number
21857
Website
Largest Affiliates