Major Rating Factors:
Fair long-term capitalization index (4.2 on a scale of 0 to 10) based on weak current risk adjusted capital (moderate loss scenarios). Weak overall results on stability tests (2.2) including weak risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 13.9% of capital. Fair reserve development (4.7) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair profitability index (4.7) with operating losses during 2022. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Med mal (94.8%), other (5.2%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (66.1%), common stock (25.3%), cash (3.0%), non investment grade bonds (0.3%), other (5.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
11622 EL Camino Real
San Diego, CA 92130
San Diego, CA 92130
Phone Number
(802) 863-4400
NAIC Number
10903
Website
Largest Affiliates
No affiliate information available.