Kentuckiana Medical Recpl RRG
Major Rating Factors:
Poor long-term capitalization index (0.4 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range over the last two years. A history of deficient reserves (2.0) that places pressure on both capital and profits. In 2024 and 2025 the two year reserve development was 40.7% and 52.3% deficient respectively. Weak profitability index (2.0) with operating losses during 2024 and 2025.
Other Rating Factors:
Fair overall results on stability tests (3.2) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2025. Good liquidity (6.5) 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.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (97.6%), other (2.4%)
Licensed in:
KY
Principal Investments:
Investment grade bonds (62.5%), common stock (19.6%), cash (8.2%), non investment grade bonds (3.6%), preferred stock (0.3%), other (5.8%)
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
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