Major Rating Factors:
Fair profitability index (3.2 on a scale of 0 to 10) with operating losses during each of the last five years and the first three months of 2025. Average return on equity over the last five years has been poor at -6.0%. Good long-term capitalization index (5.7) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2023. Good overall results on stability tests (6.1) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.3% of capital.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent liquidity (8.9) 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 (86.3%), other (13.7%)
Licensed in:
AZ, CO, FL, GA, ID, IL, IN, MD, MI, MO, NJ, NM, NV, OH, OK, PA, SC, TX, WI
Principal Investments:
Investment grade bonds (92.8%), preferred stock (1.4%), non investment grade bonds (0.2%), cash (0.2%), other (5.4%)
Corporate Info
Group Affiliation
Texas Medical Liability Trust
Investment Rating
--
Company Address
Barton Oaks Plaza V
Austin, TX 78746
Austin, TX 78746
Phone Number
(512) 425-5800
NAIC Number
10393
Website
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