Major Rating Factors:
Fair reserve development (3.4 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.6) including fair risk adjusted capital in prior years. Strengths include potentially strong support from affiliation with Donegal Mutual Ins Co. Poor long-term capitalization index (1.7) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the fair range during the last year.
Other Rating Factors:
Weak profitability index (2.0) with operating losses during 2021, 2022, 2023 and 2024. Good liquidity (6.9) 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.
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
DC, DE, IA, MD, PA, VA, WI, WV
Principal Investments:
Investment grade bonds (65.0%), cash (31.5%), other (3.5%)
Corporate Info
Group Affiliation
Donegal Mutual Ins Co
Investment Rating
--
Company Address
1195 River Road
Marietta, PA 17547
Marietta, PA 17547
Phone Number
(717) 426-1931
NAIC Number
39900
Website
Largest Affiliates