Caring Communities a Recpl RRG
Major Rating Factors:
Fair profitability index (4.8 on a scale of 0 to 10) with operating losses during 2022. Return on equity has been low, averaging 1.3% over the past five years. Fair long-term capitalization index (4.3) based on fair current risk adjusted capital (severe loss scenarios). History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.2) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.2% of capital. Stability strengths include good operational trends and good risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (93.0%), other (7.0%)
Licensed in:
DC
Principal Investments:
Investment grade bonds (62.0%), common stock (31.8%), other (6.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1850 West Winchester Road
Libertyville, IL 60048
Libertyville, IL 60048
Phone Number
(847) 549-8225
NAIC Number
12373
Website
Largest Affiliates
No affiliate information available.