D
Prof Exchange Assr Co (A RRG)
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
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Premiums
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Major Rating Factors: Poor long-term capitalization index (2.4 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios). Weak overall results on stability tests (1.7) including weak risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 16.5% of capital. Good profitability index (5.0) with operating losses during 2021 and 2022. Return on equity has been low, averaging 4.2% over the past five years.
Other Rating Factors: Good liquidity (6.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (8.2) that helps to protect the company against sharp claims increases.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. D - Limited diversification of general business, policy, and/or investment risk. R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Med mal (100.0%)
Licensed in: HI
Principal Investments: Common stock (77.3%), cash (2.4%), other (20.3%)
Ratios
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2-Year Reserve Development
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Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
1003 Bishop Street
Honolulu, HI 96813
Phone Number
(808) 533-4900
NAIC Number
14461
Website
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Largest Affiliates
No affiliate information available.