D
HEALTHCARE UNDERWRITING CO RRG
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: A history of deficient reserves (1.7 on a scale of 0 to 10). Underreserving can have an adverse impact on capital and profits. In four of the last five years reserves (two year development) were between 15% and 45% deficient. Weak overall results on stability tests (2.2) including weak results on operational trends. The largest net exposure for one risk is excessive at 9.3% of capital.
Other Rating Factors: Fair overall long-term capitalization (3.3) based on good current risk adjusted capital (severe and moderate loss scenarios). However, capital levels have fluctuated somewhat during past years. Fair profitability index (3.9) with operating losses during 2018, 2019 and 2020. Excellent liquidity (8.8) with ample operational cash flow and liquid investments.
Stability Factors: 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 (74.5%), cash (25.5%)
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
None
Investment Rating
THC
Company Address
463 Mountain View Drive Suite
Colchester, VT 5446
Phone Number
(802) 864-6269
NAIC Number
10152
Largest Affiliates
No affiliate information available.
Weiss Ratings