The Healthcare Undrwtg Co
Major Rating Factors:
Fair reserve development (4.7 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 15.3% and 44.5%. Fair profitability index (4.5) with operating losses during 2020. Fair overall results on stability tests (4.8) including weak risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 5.6% of capital.
Other Rating Factors:
Good long-term capitalization index (6.5) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2020. Excellent liquidity (7.8) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (80.8%), cash (19.1%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
None
Investment Rating
Company Address
463 Mountain View Drive
Colchester, VT 05446
Colchester, VT 05446
Phone Number
(802) 864-5599
NAIC Number
10152
Website
Largest Affiliates
No affiliate information available.