Kentuckiana Medical Recpl RRG
Major Rating Factors:
Fair reserve development (3.0 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 40.7% deficient. Fair overall results on stability tests (3.5) including weak risk adjusted capital in prior years and weak results on operational trends. Fair long-term capitalization index (4.7) based on weak current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year.
Other Rating Factors:
Weak profitability index (2.5) with operating losses during 2024. Average return on equity over the last five years has been poor at -1.5%. Good liquidity (7.0) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (97.2%), other (2.8%)
Licensed in:
KY
Principal Investments:
Investment grade bonds (66.0%), common stock (18.5%), cash (8.6%), non investment grade bonds (3.0%), other (3.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
10200 Forest Green Boulevard
Louisville, KY 40223
Louisville, KY 40223
Phone Number
(502) 569-2060
NAIC Number
11872
Website
Largest Affiliates
No affiliate information available.