Production (Stage)
Major Rating Factors:
Good long-term capitalization index (6.4 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2020. History of adequate reserve strength (6.6) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.7) despite fair risk adjusted capital in prior years.
Other Rating Factors:
Fair profitability index (3.3) with operating losses during 2022, 2023, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -3.3%. Excellent liquidity (7.8) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (44.1%), common stock (38.9%), cash (2.2%), other (14.8%)
Corporate Info
Group Affiliation
CAN
Investment Rating
--
Company Address
1020 Highland Colony Parkway
Ridgeland, MS 39157
Ridgeland, MS 39157
Phone Number
(601) 853-4949
NAIC Number
11208
Website
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