Major Rating Factors:
History of adequate reserve strength (5.4 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.6) with operating losses during 2021 and 2022.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. Excellent overall results on stability tests (7.1). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
AZ
Principal Investments:
Investment grade bonds (37.5%), common stock (28.7%), cash (2.0%), non investment grade bonds (1.9%), other (29.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
10401 N. Meridian Street
Carmel, IN 46290
Carmel, IN 46290
Phone Number
(623) 427-3208
NAIC Number
11598
Website
Largest Affiliates
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