Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 4.0% over the past five years. Good overall results on stability tests (5.9) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with WCF Mutual Ins Co, good operational trends and excellent risk diversification. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. 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.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (99.7%), farmowners (0.1%), other (0.2%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (98.5%), cash (0.8%), other (0.7%)
Corporate Info
Group Affiliation
WCF Mutual Ins Co
Investment Rating
--
Company Address
100 West Towne Ridge Parkway
Sandy, UT 84070
Sandy, UT 84070
Phone Number
(385) 743-3014
NAIC Number
21865
Website
Largest Affiliates