Major Rating Factors:
Poor long-term capitalization index (2.7 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios). Fair profitability index (4.2) with operating losses during 2021. Fair overall results on stability tests (4.2) including weak results on operational trends and weak risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.4% of capital.
Other Rating Factors:
History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level. Superior liquidity (9.2) 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 (10.4%), other (89.6%)
Licensed in:
WI
Principal Investments:
Investment grade bonds (81.8%), cash (5.9%), other (12.4%)
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
No affiliate information available.