Major Rating Factors:
Poor long-term capitalization index (2.9 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2022. Fair profitability index (4.2) with operating losses during 2021. Good overall results on stability tests (5.6) despite weak risk adjusted capital in prior years and excessive premium growth. The largest net exposure for one risk is conservative at 1.1% of capital.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (9.2%), other (90.8%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (89.1%), cash (7.9%), other (3.0%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
452 5th Avenue
New York, NY 10018
New York, NY 10018
Phone Number
(212) 970-0269
NAIC Number
16924
Website
Largest Affiliates
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