PracticeProtection Cas Co
Major Rating Factors:
Poor long-term capitalization index (0.9 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak overall results on stability tests (2.0) including weak risk adjusted capital in prior years, weak results on operational trends and weak risk diversification. The largest net exposure for one risk is excessive at 6.7% of capital. Fair profitability index (3.6) with operating losses during 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -0.3%.
Other Rating Factors:
History of adequate reserve strength (5.1) as reserves have been consistently at an acceptable level. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (98.0%), other (2.0%)
Licensed in:
AL, AZ, FL, GA, IL, IN, KY, LA, MO, NC, NV, TX
Principal Investments:
Investment grade bonds (80.1%), cash (8.3%), non investment grade bonds (0.4%), other (11.1%)
Corporate Info
Group Affiliation
Practice Protection Inc
Investment Rating
--
Company Address
12276 San Jose Blvd
Jacksonville, FL 32223
Jacksonville, FL 32223
Phone Number
(888) 217-2779
NAIC Number
12843
Largest Affiliates