Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including weak risk diversification and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 5.5% of capital. Strong long-term capitalization index (9.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.8) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (7.9) with operating gains in each of the last five years. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Med mal (49.2%), other (50.8%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (92.0%), cash (6.4%), other (1.6%)
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
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Company Address
1605 Main Street
Sarasota, FL 34236
Sarasota, FL 34236
Phone Number
(941) 373-1140
NAIC Number
10754
Website
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Largest Affiliates
No affiliate information available.