Caring Communities a Recpl RRG
Major Rating Factors:
Good long-term capitalization index (5.0 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2022. History of adequate reserve strength (6.4) as reserves have been consistently at an acceptable level. Good overall profitability index (5.1) despite operating losses during 2022. Excellent expense controls.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.0) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.6% of capital. Stability strengths include excellent operational trends and good risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Med mal (92.2%), other (7.8%)
Licensed in:
DC
Principal Investments:
Investment grade bonds (68.4%), common stock (25.5%), other (6.1%)
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
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