PMA Companies

What PMA Companies does

PMA Companies (rebranding to Old Republic Commercial Risk in 2026) is a US commercial insurance carrier and risk management solutions provider founded in 1915 and headquartered in Blue Bell, Pennsylvania. Operating as a wholly-owned subsidiary of Fortune 500 Old Republic International Corporation (NYSE: ORI), PMA underwrites workers' compensation, commercial auto, general liability, and commercial package & umbrella coverage through three A+ (AM Best Superior) rated Pennsylvania-domiciled insurance subsidiaries licensed across all 50 states plus DC and Puerto Rico. The company serves two primary customer segments - Large Accounts with standard policy premiums of $750,000 or more and Mid-size Companies with monoline workers' comp up to $500,000 or multiline up to $750,000 - and structures programs as incurred and paid loss retros, large deductibles, pre-funded deductibles, guaranteed cost plans, and captives. Named customers span education (including 6 of 8 Ivy League schools), healthcare, durable goods manufacturing, food manufacturing and retail, long-term care, and public transportation.

The company's product portfolio is organized around three integrated pillars: commercial insurance underwriting, third-party administration and risk services (claims, managed care, account management), and proprietary technology platforms. The technology stack centers on the new cloud-based RadiusR RMIS, which is being phased in to replace the legacy PMA Cinch system, along with the PMA Websource safety and risk management portal, a 24/7 medical provider portal powered by Jopari, and a national provider search tool via GoPerspecta. Managed care is delivered through a Medical Bill Review program, a Pharmacy Benefits Management (PBM) program, and dedicated state networks including the California MPN and Texas HCN, with a network of ancillary partners (Optum, MedRisk, One Call, Paradigm, Apricus, Homelink, Streamline) supporting physical therapy, DME, and home health. A 150-employee Customer Service Center provides 24/7 support, freeing claims adjusters (averaging 10 years of experience) to focus on litigation, compensability, and return-to-work.

PMA distributes primarily through a formal insurance broker/agent channel supplemented by an in-house field team of Account Executives, Business Development Managers, Territory Marketing Managers, and Client Service Managers organized into five regional territories (Northeast, Mid-Atlantic, Southeast, Midwest, Southwest, West) and reinforced by heavy participation in industry conferences (RIMS RISKWORLD, CICA, PRIMA, ASSP, VCIA, URMIA, National Comp). Revenue is generated principally through commercial insurance premiums, with additional fee-based income from third-party administration and managed care services. In April 2026, the TPA division was spun out as Lodestar Claims & Risk Services, a standalone operating company that continues to compete in the national TPA market under the Old Republic umbrella, while PMA concurrently adopted the Old Republic Commercial Risk brand as part of a group-wide identity refresh.

Name

PMA Companies

Legal name

PMA Companies

Website

https://pmacompanies.com

Company type

Private

Founded year

1915

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PMA Companies (rebranding to Old Republic Commercial Risk) is a US commercial insurance carrier and risk management solutions provider, underwriting workers' compensation and casualty coverage for large accounts and mid-size companies across education, healthcare, manufacturing, and food industry verticals, as a wholly-owned subsidiary of Old Republic International (NYSE: ORI).

Ownership category

akta.pro rank

Headquarters

HQ city

Blue Bell

HQ country

United States

HQ region

North America

Offices19 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Insurance Premiums: PMA generates revenue primarily through commercial insurance premiums, including workers' compensation, general liability, commercial auto, and commercial package & umbrella policies. They offer various program structures including incurred & paid loss retros, large deductibles, pre-funded deductibles, guaranteed cost plans, and captives.
2. Third-Party Administration (TPA) Services: PMA provides TPA and risk services including claims administration, managed care, and risk control for self-insured clients. Lodestar Claims & Risk Services operates as a separate entity under Old Republic.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels10 records

Core offering

PMA Companies (rebranding to Old Republic Commercial Risk in 2026) underwrites and delivers commercial insurance and risk management solutions, specializing in workers' compensation, general liability, commercial auto, and commercial package & umbrella coverages for large accounts and mid-size companies. The firm also provides third-party claims administration, managed care, risk control consulting, and cloud-based risk management information systems (RMIS) through its carrier subsidiaries and supporting service entities.

Product overview

PMA Companies (branded Old Republic Commercial Risk from 2026) is a commercial insurance and TPA provider with over 110 years of experience, operating as part of Old Republic International Corporation. The company's product portfolio consists of three integrated pillars: (1) Commercial Insurance — including Workers' Compensation, Commercial Auto, General Liability, and Commercial Package & Umbrella underwritten by its carrier subsidiaries (Pennsylvania Manufacturers' Association Insurance Company, Manufacturers Alliance Insurance Company, Pennsylvania Manufacturers Indemnity Company); (2) Third-Party Administration & Risk Services — claims administration, managed care, and account management (with Lodestar Claims & Risk Services spun out as a standalone entity in April 2026); and (3) Technology Platforms — the legacy PMA Cinch and new RadiusR RMIS systems, the Jopari-powered Medical Provider Portal, and the GoPerspecta-based online provider locator. These are supported by integrated Managed Care services (Medical Bill Review, PBM, Medical Networks including California MPN and Texas HCN), Risk Control Services (PMA Websource, consulting), and a 24/7 Customer Service Center. The portfolio is unified through the RMIS platforms that integrate claims, risk, and managed care data for underwriters, adjusters, and clients.

Differentiator

Problem solved

Functional benefit

Brands

• PMA Cinch: Risk Management Information System (RMIS) tool for claims management and data analytics
• RadiusR
• PMA Websource
• Lodestar Claims & Risk Services

Products and services

• Workers' Compensation Insurance Specialized workers' compensation insurance for large accounts ($750,000+ standard policy premiums) and mid-size companies (monoline up to $500,000). Provides multiple program structures including incurred & paid loss retros, large deductibles, pre-funded deductibles, guaranteed cost plans, and captives.
• General Liability Insurance General liability insurance coverage offered as part of PMA's commercial casualty insurance portfolio to large accounts and mid-size companies.
• Commercial Auto Insurance Commercial auto insurance coverage as part of PMA's commercial casualty insurance portfolio for organizations with vehicle fleets.
• Commercial Package & Umbrella Insurance Commercial package and umbrella insurance policies bundling multiple coverages with excess liability protection for large accounts and mid-size companies.
• Captives & Groups Insurance Programs Alternative market insurance solutions including captive insurance structures and workers' compensation group programs that enable clients with similar risk characteristics to pool purchasing power and access customized programs.
• Third-Party Administration (TPA) & Risk Services Third-party claims administration, managed care, and risk services for self-insured clients, provided by Lodestar Claims & Risk Services (spun out of PMA Companies in April 2026) within the Old Republic group.
• Managed Care Services Integrated managed care programs including Medical Management (nurse case management, triage, field/catastrophic/utilization/peer-to-peer review), Medical Bill Review, Pharmacy Benefits Management (PBM), and Pharmacy Nurse Early Intervention, strategically linked to claims services.
• Risk Control Services Holistic risk control solutions including business analytics, safety training and education, safety management and regulatory compliance services, strategic consulting, specialized services (ergonomics, industrial hygiene), and employee wellness strategic services.
• RadiusR (Risk Management Information System) Cloud-based Risk Management Information System (RMIS) providing consolidated claims data, fast access to claim details, and data-driven insights. Provides a single source of truth for all stakeholders. Currently in phased rollout, replacing the legacy PMA Cinch application.
• PMA Cinch (Legacy RMIS) Legacy Risk Management Information System (RMIS) providing claims, loss information, and data analytics to risk management executives, CFOs, and other professionals. Being replaced by RadiusR in a phased transition.
• California Medical Provider Network (MPN) Custom California Medical Provider Network for workers' compensation injured workers, comprising occupational medicine professionals for timely, quality care and return-to-work outcomes.
• Texas Health Care Network (HCN)
• PMA Websource (Safety & Risk Management Portal) Online safety and risk management portal equipping clients with training, resources, and research to reduce injuries and loss expenses. Includes access to the Organizational Safety Institute (OSI), Safety Source video library, and risk control consulting expertise.

Quantifiable outcome

• Large Account client retention rate of 90% or higher
• +3 more outcomes

Named customers15 records

Segments9 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature4 records

Partnerships

15 partnerships are on record, tiered core and supporting.

• Jopari SolutionscoreTechnology or IntegrationJopari Solutions serves as PMA's e-billing clearinghouse for all states (Payer ID: PMA - J1439). They provide the Jopari Remittance Gateway (Provider Portal) for 24/7 online access to view medical bill status and payment information. Medical providers can submit bills electronically through this platform.
• Cadence RxcoreTechnology or IntegrationCadence Rx provides pharmacy first fill services for injured workers in AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, NC, NE, NJ, NH, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, VT, WI, WV states. Provides first fill form for pharmacy services.
• Gallagher BassettcoreTechnology or IntegrationProvides first fill pharmacy services for states not covered by Cadence Rx. Gallagher Bassett Cadence Rx First Fill Form used for all other states for injured worker pharmacy needs.
• ConduentsupportingTechnology or IntegrationConduent's Provider Relations team handles fee schedule and U&C repricing questions for medical bills. Contact at 833-631-4866 for questions related to how a bill was repriced.
• GoPerspectacoreTechnology or IntegrationGoPerspecta provides online provider and pharmacy search directories for PMA's networks. Medical providers can be searched through goperspecta.com/VPD/pmacompanies for network medical providers and participating pharmacies.
• Apricus HealthsupportingTechnology or IntegrationApricus Health serves as PMA's Medical Access Assistant for California MPN. Contact: 866-983-0622, option 3. Also part of ancillary specialty networks for bill processing.
• OptumsupportingTechnology or IntegrationOptum DME Retro provides durable medical equipment network services for ancillary services. Part of PMA's ancillary network for workers' compensation bill processing.
• MedRisksupportingTechnology or IntegrationMedRisk provides physical therapy and ancillary network services. Contact: 866-697-3706 or [email protected]. Part of ancillary specialty networks for bill processing.
• One Call (OCM)supportingTechnology or IntegrationOne Call (OCM) provides physical therapy, home health/DME, and DMP ancillary network services. Contact: 866-697-2680. Part of ancillary specialty networks for workers' compensation bill processing.
• Paradigm Specialty NetworkssupportingTechnology or IntegrationParadigm Specialty Networks provides ancillary services for workers' compensation. Contact: 855-544-7246 or [email protected].
• HomelinksupportingTechnology or IntegrationHomelink provides home health and ancillary services as part of PMA's network partnerships for workers' compensation services.
• StrataCaresupportingTechnology or IntegrationStrataCare handles provider relations for bill reconsiderations and appeals. Contact: 833-631-4866 for questions about repricing and reimbursement of medical bills.
• StreamlinesupportingTechnology or IntegrationStreamline is one of PMA's partners for ancillary services. Contact the PMA adjuster assigned to the claim to facilitate referrals.
• Old Republic Specialty Insurance GroupcoreStrategic or Co-development PartnerParent organization within Old Republic International Corporation. Provides access to complete property, casualty, and Accident & Health (A&H) insurance solutions. Part of the Old Republic Insurance Group ecosystem.
• Lodestar Claims & Risk ServicescoreStrategic or Co-development PartnerFormerly PMA's TPA division, spun out as a standalone operating company in April 2026 after 30+ years. Remains within Old Republic but now operates independently with its own brand identity. Competes as a national TPA against Sedgwick and Gallagher Bassett.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• The Hartford: Workers' compensation and small/mid-market commercial P&C specialist with deep broker distribution; most direct US peer in workers' comp underwriting for middle-market and large accounts.
• Accident Fund Holdings (AF Group): Workers' compensation-only carrier serving mid-market and large employers through independent agents; direct specialist peer with similar vertical and underwriting focus.
• AmTrust Financial Services: Specialty P&C insurer with a major workers' compensation franchise serving small and mid-market employers through a similar broker/agent distribution model.
• Zenith Insurance Company: Workers' compensation specialist carrier focused on California and national mid-market employers; very direct peer in workers' comp underwriting, alternative markets, and integrated managed care.

Broad incumbents

• Chubb: Global commercial P&C insurer competing for large national accounts with workers' comp, casualty, and umbrella offerings; broader portfolio but overlapping target customer base.
• Travelers: One of the largest US commercial P&C carriers, offering workers' comp, commercial auto, general liability, and package policies to mid-market and large accounts through a broker network.
• Liberty Mutual Insurance: Major US commercial P&C carrier with significant workers' compensation and casualty lines distributed through brokers to mid-market and large enterprise accounts.
• Zurich Insurance North America: Global commercial insurer with a strong US middle-market and large-account franchise across workers' comp, commercial auto, and casualty lines, using broker distribution.

Emerging players

• Sedgwick: National third-party claims administrator and managed care provider competing directly against PMA's former TPA division (now Lodestar) for self-insured employer claims and risk services.
• Gallagher Bassett: Large third-party claims administrator and risk management services firm; comparable to Lodestar and a key partner in PMA's pharmacy first-fill network, with overlap in self-insured employer services.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pma-companies
• Xx.com/pmacompanies
• Facebookfacebook.com/pmacompanies

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PMA Companies