Major Rating Factors:
Fair profitability index (4.4 on a scale of 0 to 10) with operating losses during 2022 and 2023. Return on equity has been low, averaging 2.2% over the past five years. Weak overall results on stability tests (2.5) including weak risk diversification. The largest net exposure for one risk is conservative at 1.7% of capital. History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. 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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
NV, UT
Principal Investments:
Investment grade bonds (60.3%), cash (33.4%), other (6.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
11605 Miracle Hills Drive
Omaha, NE 68154
Omaha, NE 68154
Phone Number
(402) 392-1566
NAIC Number
11260
Website
Largest Affiliates
No affiliate information available.