Southwest Physicians RRG Inc
Major Rating Factors:
Poor long-term capitalization index (0.3 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 during the last year. Weak profitability index (0.9) with operating losses during 2020 and 2022. Return on equity has been low, averaging 1.0% over the past five years. Weak overall results on stability tests (0.0) including excessive premium growth, weak risk diversification and weak results on operational trends. The largest net exposure for one risk is excessive at 82.9% of capital.
Other Rating Factors:
Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Stability Factors:
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
SC
Principal Investments:
Investment grade bonds (82.2%), cash (16.4%), other (1.5%)
Ratios
Premium to Surplus
--
Reserve to Surplus
--
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
--
Combined Ratio
--
Cash From Underwriting
Net Premium Growth
--
Investments in Affiliates
--
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
146 Fairchild Street
Charleston, SC 29492
Charleston, SC 29492
Phone Number
(843) 614-3135
NAIC Number
12907
Website
Largest Affiliates
No affiliate information available.