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February 7, 2020

Workpartners Maintains A- (Excellent) Rating from A.M. Best

Contact:

Ned Schano
UPMC Health Plan
412-454-0131
schanon@upmc.edu

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.

 

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About UPMC Insurance Services

The UPMC Insurance Services Division is owned and operated by the UPMC, a world-renowned health care provider and insurer based in Pittsburgh, Pa. The UPMC Insurance Services Division—which includes UPMC Health Plan, WorkPartners, UPMC for Life, UPMC for You, UPMC for Kids, and Community Care Behavioral Health—offers a full range of group health insurance, Medicare, Special Needs, CHIP, Medical Assistance, behavioral health, employee assistance, and workers' compensation products and services to over 3.7 million members. For more information, visit www.upmchealthplan.com.

About Workpartners

Workpartners is an innovative health, wellness, and productivity company that assists clients in transforming the well-being of their workforce. Our customizable, integrated workforce planning solutions and advanced analytics enable organizations to maximize employee engagement, lower healthcare costs, and improve overall employee health. With an outcome-focused, consultative approach and four strategic lines of business—that includes absence management services, Life Solutions health management, wellness and employee assistance programs, worker’s compensation, and on-site health services—Workpartners provides comprehensive workplace strategies built on more than 20 years of experience and proven results. Workpartners is headquartered in Pittsburgh and is part of UPMC Insurance Services. Learn more at www.workpartners.com.

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