Major Rating Factors:
Poor long-term capitalization index (0.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.9) that places pressure on both capital and profits. In four of the last five years reserves (two year development) were between 23.2% and 81.6% deficient. Weak profitability index (2.1) with operating losses during each of the last five years.
Other Rating Factors:
Vulnerable liquidity (1.8) as a spike in claims may stretch capacity. Weak overall results on stability tests (2.7) including weak risk adjusted capital in prior years and negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 6.1% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (97.0%), other (3.0%)
Licensed in:
VT
Principal Investments:
Other (100%)
Corporate Info
Group Affiliation
Physicians Ins A Mutual Co
Investment Rating
--
Company Address
601 Union Street
Seattle, WA 98101
Seattle, WA 98101
Phone Number
(800) 962-1399
NAIC Number
15738
Website
Largest Affiliates