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 (3.6) including weak risk adjusted capital in prior years and weak results on operational trends. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Other Rating Factors:
Fair long-term capitalization index (4.8) based on weak current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. 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%.
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.