Health Care Ins Recpl
Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including negative cash flow from operations for 2024. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.5) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (7.0) despite operating losses during the first three months of 2025. Return on equity has been good over the last five years, averaging 12.7%. Excellent liquidity (8.0) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
MN
Principal Investments:
Investment grade bonds (85.2%), common stock (12.1%), cash (2.0%), other (0.7%)
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
222 South Ninth Street
Minneapolis, MN 55402
Minneapolis, MN 55402
Phone Number
(612) 766-3000
NAIC Number
11043
Website
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Largest Affiliates
No affiliate information available.