STC Hlthcr Partners RRG Inc
Major Rating Factors:
Weak profitability index (2.7 on a scale of 0 to 10) with operating losses during 2024. Return on equity has been fair, averaging 13.1% over the past five years. Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years, weak results on operational trends and weak risk diversification. The largest net exposure for one risk is excessive at 55.3% of capital. Poor long-term capitalization index (1.3) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
Fair reserve development (3.5) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 60.1% deficient. Superior liquidity (9.5) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (92.0%), other (8.0%)
Licensed in:
SC
Principal Investments:
Investment grade bonds (58.5%), cash (41.5%)
Corporate Info
Group Affiliation
Stc Healthcare Partners LLC
Investment Rating
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Company Address
100 Brigade Street
Charleston, SC 29403
Charleston, SC 29403
Phone Number
(802) 864-2747
NAIC Number
16678
Website
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