Major Rating Factors:
A history of deficient reserves (1.1 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. Weak profitability index (2.5) with operating losses during 2023 and the first six months of 2025. Average return on equity over the last five years has been poor at -3.3%. Fair overall results on stability tests (3.8) including weak results on operational trends and fair risk adjusted capital in prior years.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on good current risk adjusted capital (severe and moderate loss scenarios) reflecting some improvement over results in 2023. Excellent liquidity (8.2) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (99.6%), personal/comm auto (0.4%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (63.1%), cash (1.1%), other (35.8%)
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