Major Rating Factors:
Good long-term capitalization index (6.3 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Fair reserve development (3.5) as reserves have generally been sufficient to cover claims. Fair profitability index (2.9) with operating losses during 2021, 2022, 2023 and the first nine months of 2024. Average return on equity over the last five years has been poor at -8.4%.
Other Rating Factors:
Fair overall results on stability tests (3.8) including fair risk adjusted capital in prior years. Strengths include potentially strong support from affiliation with Donegal Mutual Ins Co. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
DC, DE, IA, MD, PA, VA, WI, WV
Principal Investments:
Investment grade bonds (61.9%), cash (28.3%), other (9.8%)
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