Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including weak risk diversification, weak results on operational trends and lack of operational experience. Fair reserve development (3.8) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022.
Other Rating Factors:
Excellent profitability index (9.7). Excellent expense controls. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (100.0%)
Licensed in:
(No states)
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1000 Second Avenue
Seattle, WA 98104
Seattle, WA 98104
Phone Number
(206) 838-2590
NAIC Number
17368
Website
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Largest Affiliates
No affiliate information available.