Major Rating Factors:
Good overall profitability index (6.7 on a scale of 0 to 10). Strong long-term capitalization index (9.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.2) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent liquidity (7.4) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.6). Strengths include potentially strong support from affiliation with CopperPoint Mutual Ins Holding Co, good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Work comp (44.8%), personal/comm auto (22.9%), comm multi (15.0%), fire (0.5%), product liab. (0.3%), other (16.5%)
Licensed in:
All states except NY, PA, TN
Principal Investments:
Investment grade bonds (70.4%), common stock (15.8%), cash (4.3%), preferred stock (0.2%), non investment grade bonds (0.1%), other (9.1%)
Corporate Info
Group Affiliation
CopperPoint Mutual Ins Holding Co
Investment Rating
--
Company Address
3030 N. 3rd Street
Phoenix, AZ 85012
Phoenix, AZ 85012
Phone Number
(602) 631-2300
NAIC Number
38733
Website
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