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 (3.5) including weak risk adjusted capital in prior years. Strengths include potentially strong support from affiliation with Donegal Mutual Ins Co. Poor long-term capitalization index (1.4) 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, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -15.2%. Superior liquidity (9.1) 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.
T - Significant trends in critical asset, liability, income or expense items.
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