Our Financials

Our People demonstrate our commitment. Our financials demonstrate our strength.

Asset Quality

• $104 million in consolidated insurance company assets (12/31/2007)
• $100 million fixed income portfolio is 100% investment grade, with an average rating of AA+ and average duration of 4.8 years at 12/31/2007.

Operating Results

• Profits achieved in each quarter since acquisition by current management
• Combined with our wholly owned subsidiary, Imperial Casualty and Indemnity Company, we have insurance company licenses in 47 states plus the District of Columbia.  Including the four monopolistic states, we have workers' compensation authority in 41 states plus DC.  See our License Status page Providence/Imperial License Status.

Regulatory

• Consolidated statutory capital and surplus at 12/31/2007 is $21 million
• Providence’s statutory surplus is 4.3 times the authorized control level Risk-Based Capital (12/31/07).
• Providence and Imperial both passed Insurance Regulatory Information System (IRIS) tests for 2007.

Reinsurance

• Reinsurance in place above company retention to $20 million of coverage
• All participating reinsurers on current treaties are rated "A" or better by AMBest.