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Workpartners Maintains A- (Excellent) Rating from A.M. Best
This marks the second consecutive year Workpartners has earned an Excellent Rating
PITTSBURGH (Feb. 7, 2020) – Workpartners, which is part of UPMC Insurance Services, has retained its financial strength rating of A- (Excellent) with a stable outlook from A.M. Best, the world’s oldest and most authoritative insurance rating and information source.
The A- (Excellent) rating with a stable outlook applies to UPMC Workers’ Compensation Group, which includes UPMC Health Benefits, Inc. and UPMC Work Alliance, Inc. All entities are part of UPMC’s Workpartners workers’ compensation line of business.
The insurance ratings reflect what A.M. Best described as Workpartners’ “strong” balance sheet with “strong liquidity and cash flow measures.” A.M. Best recognized the Workers’ Compensation products as being in the top category of risk-adjusted capitalization (99.6%, as measured by Best’s Capital Adequacy Ratio).
As part of its stable outlook, A.M. Best also noted that Workpartners has a “strong reputation as a member of the UPMC Insurance Services Division and carries the UPMC name, which is well recognized in the operating region.”
A.M. Best is the most widely recognized provider of ratings, financial data, and news with an exclusive insurance industry focus. It issues ratings on more than 3,500 companies in more than 80 countries worldwide.
The latest ratings, including an overview of the rating process as well as ratings methodologies, can be found on A.M. Best’s online ratings center at www.ambest.com/ratings.