Conventus Inter-Ins
Major Rating Factors:
Good overall profitability index (5.0 on a scale of 0 to 10) with small operating losses during 2022. Return on equity has been low, averaging 1.0% over the past five years. Good overall results on stability tests (5.5) despite. Stability strengths include good operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.1% of capital. Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Superior liquidity (9.0) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Med mal (99.2%), other (0.8%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (87.8%), cash (12.0%), other (0.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
900 Route Nine, North
Woodbridge, NJ 07095
Woodbridge, NJ 07095
Phone Number
(877) 444-0484 7466
NAIC Number
11535
Website
Largest Affiliates
No affiliate information available.