HPIC RRG
Major Rating Factors:
Poor long-term capitalization index (1.8 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the fair range over the last two years. Weak overall results on stability tests (1.0) including excessive premium growth, weak risk diversification and weak results on operational trends. The largest net exposure for one risk is acceptable at 2.9% of capital. Fair profitability index (3.9) with operating losses during 2021, 2022 and 2023.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent liquidity (7.8) 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.
G - Fast asset or premium growth.
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 (98.0%), other (2.0%)
Licensed in:
SC
Principal Investments:
Cash (36.3%), other (63.7%)
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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