HPIC RRG
Major Rating Factors:
Poor long-term capitalization index (1.1 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 fair range during the last year. Vulnerable liquidity (0.6) as a spike in claims may stretch capacity. Weak overall results on stability tests (1.1) including weak results on operational trends, weak risk diversification and weak risk adjusted capital in prior years. The largest net exposure for one risk is high at 4.0% of capital.
Other Rating Factors:
Fair profitability index (3.0) with operating losses during 2020, 2021, 2022, 2023 and the first three months of 2025. Average return on equity over the last five years has been poor at -21.3%. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
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 (97.6%), other (2.4%)
Licensed in:
SC
Principal Investments:
Cash (21.4%), other (78.6%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
44 Markfield Drive
Charleston, SC 29407
Charleston, SC 29407
Phone Number
(843) 817-8836
NAIC Number
15866
Website
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Largest Affiliates
No affiliate information available.