D
HEALTHCARE UNDERWRITING CO RRG
Data as of
June 30, 2022
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
Loading...
Major Rating Factors: Poor long-term capitalization index (2.3 on a scale of 0 to 10) based on weak current risk adjusted capital (moderate loss scenario). A history of deficient reserves (1.5) that places pressure on both capital and profits. In four of the last five years reserves (two year development) were between 22% and 45% deficient.
Other Rating Factors: Weak profitability index (2.6) with operating losses during 2018, 2019 and 2020. Weak overall results on stability tests (1.0) including weak risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 12.6% of capital. Excellent liquidity (8.7) with ample operational cash flow and liquid investments.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. D - Limited diversification of general business, policy, and/or investment risk. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Med mal (100.0%)
Licensed in: FL, NE, PA, VT
Principal Investments: Investment grade bonds (77.7%), cash (22.3%)
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
Corporate Info
Group Affiliation
Tenet Healthsystem Philadelphia Inc
Investment Rating
THC
Company Address
463 Mountain View Drive Suite
Colchester, VT 5446
Phone Number
(802) 864-5599
NAIC Number
10152
Largest Affiliates
No affiliate information available.
Weiss Ratings